Q: Thoughts on the quarter please?
5i Research Answer:
EPS of 32c beat estimates of 30c; revenue of $224.7M missed estimates of $228.7M. EBITDA of $47.6M beat estimates by 2.3%. Despite the revenue miss, SIS increased its year revenue forecast a little bit ($925M vs $913M estimates). Two brokers raised their target prices. Revenue rose 5.2%, EBITDA rose 13.9%. EBITDA margin rose 1.7 percentage points. We think it was a decent quarter and things look very much intact here.