Headline numbers do not look flash, but there are a few items of details that suggest that the result may not be as bad as first thought:
- 18% increase in operating cash flows, with EBITDA conversion of over 100%.This would have been materially higher if not for the timing of settlement of balance owing from the sub contractor in ECM
- Increase in subscription billing to 61%.
- Satisfactory performance in all business units except for Trapeze - with changes sales models being evaluated
- FY19 outlook likely to deliver significant margin expansion
I think that this may provide an opportunity to buy into a well run business that has shown over time the ability to continue to deliver shareholder value.
Headline numbers do not look flash, but there are a few items of...
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$12.84 |
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Mkt cap ! $1.222B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 98 | $12.75 |
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| Price($) | Vol. | No. |
|---|---|---|
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