Update: Positive order intake
XP Power reported 5% year-on-year revenue growth in Q115. While the weaker euro had an impact, this was more than compensated for by the stronger dollar. Positive order momentum continued into FY15, with order intake for Q115 up 4% year-on-year. The company continues to expect revenue growth for FY15; we maintain our forecasts for FY15 and FY16.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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