All in all a lot better than most were expecting. This drop in expectation prior to the report stems from ASZ not giving a steady stream of information to the market. It seems the only thing that stirs this stock into action is a takeover or a large contract signed and yet what is unfolding is a steady (and growing) income stream from their data centre and ongoing service fees. A far more reliable and sustainable result than simply sales related. I'm of the opinion that a solid foundation is being established for the Australian market and contracts will come in time which will be icing on the cake and we can then expect a significant rerating. In the meantime we have one of the strongest buying opportunities in the market.
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