Update: Order backlog supports FY15 growth
Revenues for the first nine months of FY14 showed constant currency growth of 6%. Q3 revenues reflected slower call offs from customers at the beginning of the quarter, but the strong pick-up through the quarter positions XP for sequential revenue growth in Q4. We have trimmed our FY14 revenue forecast, but leave our EPS forecast unchanged as we assume that currency effects and good cost control will compensate for the revenue shortfall.XP Power is engaged in the design and manufacture of electronic power converters, which is required to convert the power output from the mains wall socket to the usable power that allows the equipment to function. Co. supplies these products to the healthcare, industrial and technology industries.
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