SDL
21/10/2014 16:27
FORECAST
REL: 1627 HRS Solution Dynamics Limited
FORECAST: SDL: FY2015 Guidance Update
Solution Dynamics (SDL) has produced a solid start to FY2015 with first
quarter earnings well above budget, mainly the result of increased sales of
both software and print imaging services to existing customers.
October and November are the seasonally most important months in the first
half and consequently SDL's interim profit is still heavily dependent on
current and near term trading. Nevertheless the company still expects to
achieve a first half result in excess of budget although this forecast is
reliant on the timing of several client software upgrades, which could slip
into the second half of the financial year.
SDL expects an improved profit result in FY2015 and is now raising earnings
guidance from in excess of $600,000 to guidance of $650,000 to $700,000.
There are some risks around this forecast as pricing remains very competitive
in print imaging, software sales cycles are slow and the company requires
further successful new business development activity to meet our upgraded
guidance target.
An update on first half trading and the estimated FY2015 interim profit
result will be provided in December.
For further information, please contact:
John McMahon
Chairman
+61-410-411 806
Nelson Siva
Director & Chief Executive Officer
+64-21-415027
End CA:00256653 For:SDL Type:FORECAST Time:2014-10-21 16:27:51
