Their Q3 outlook statement: "The Company’s outlook for Q422 is buoyant, with demand across the technologies represented remaining strong.
Increasing complexity is driving more opportunity for the Company’s partner community and is further entrenching the
Company as a technology enabler, providing trusted advice, technical know-how and solution building capabilities.
Hybrid cloud has become the clear model of choice for most ANZ businesses which aligns well with the Company’s
cloud strategy and technology portfolio."
Really they had an increase in revenues, and earnings v Q3. Not sure you would say buoyant in hindsight. Q3 comps were tough however, so a relative improvement would have been expected for Q4 even under similar conditions.
Consensus eps on fnarena seemed to expect 80.1 npat, and we got 73.4.
Maybe the reaction is about right?
DDR Price at posting:
$9.38 Sentiment: Hold Disclosure: Not Held
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