Update: Strong organic growth with acquisition upside
Expert Systems has announced encouraging order growth, with US orders up 82% and annual subscription licensing up 92% y-o-y. In addition, the formation of the CY4Gate JV and acquisition of iSOCO assets are important steps forward in the implementation of the internationalisation and product expansion strategy. It is difficult to quantify the impact of these acquisitions at this stage and therefore we have not changed our earnings estimates, but the strategic benefits appear to be substantial. The €3m licensing agreement signed as part of the CY4Gate formation should also contribute significantly to short-term forecasts.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.