Q: Please comments on Q released after close today,& going forward.Txs for u usual great services & views
5i Research Answer:
ENGH's Q1 came in below expectations with misses on both EPS and revenue. EPS for Q1 was 33c while expectations were 37c. Revenue was $120.5M beat expectations of $119.08M but did display growth of 13%. ENGH is shifting focus with the market to SaaS which is generating increased recurring revenue and now represents 70.2% of total revenue in Q1. ENGH did raise its dividend by 18% for the quarter. Results look decent with a slight increase in EPS along with a revenues increasing as well, however, analysts and the market's expected more for Q1.
**EDIT: Corrected actual revenues