Q: Can I get your thoughts on the Descarte's quarter.
Keith
Keith
5i Research Answer:
DSG reported Q3 EPS of $0.42, missing analysts’ estimates of $0.46. Revenue also slightly missed forecasts coming in at $196.26M below expectations of $196.78M but displayed year-over-year growth of 19%. Excluding growth from acquisitions, revenue growth was 9%. Cash balance was high and increased significantly from the previous quarter to $387.8M. Cash from operations was also solid coming in at $77.7M displaying an increase from $69.4M. DSG displayed organic resilience despite tough macroeconomic conditions which offset lower transaction volumes. Despite slightly missing expectations this was a decent quarter for DSG given the macro pressures faced.