Update: Positive start to the year
TXT saw a good performance from both divisions in Q115, with a strong licensing quarter for TXT Perform and continued good demand for TXT Next’s services. The outlook for both divisions is positive, and despite increased investment in R&D and setting up a Hong Kong office, we forecast margin expansion in FY15 and FY16. TXT’s cash position has been strengthened by the sale of treasury shares to an investor, providing funding for the company’s international expansion plans.
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