Q: May I have your opinion on Csu latest earnings report?q
5i Research Answer:
Q2 revenues were $2.84 bln vs $2.86 bln expected. EPS was $2.66. Revenues grew 15% with 4% of that being organic. Deals totaled $380 mln for the quarter. FCFA2S (Free cash flow available to shareholders ''FCFA2S'' refers to net cash flows from operating activities less interest paid on lease obligations) was $220 mln vs $182 mln in the prior year, up 20%. Overall it looked like another steady quarter for CSU. The drop in income looks primarily due to FX impacts and revaluation charges but the metric the company tends to manage to (FCFAS2A) was up over the prior qarter which alleviates some concerns here.