Q: Hi, thoughts on the quarter please. Anything specific standout, positive or negative?
Does the quarter release alleviate any AI software concerns (or too soon for that call)?
I have owned for 5+ years.
cheers
Does the quarter release alleviate any AI software concerns (or too soon for that call)?
I have owned for 5+ years.
cheers
5i Research Answer:
EPS of 52c missed estimates of 52c; revenue of $192.8M beat estimates of $188.6M. EBITDA of $88.7M beat estimates by 3%. Revenue rose 15%. Professional services rose 18%. Licence revenue was weak. Gross margin rose 2 points to 78% and beat estimates. Revenue, earnings and margins all accelerated from the prior quarter as DSG benefits from last years restructuring. Cross selling and market share gains also helped. Morgan Stanley commented that the fragmented industry still supports company growth, and it did a good job with AI initiatives. This quarter was good and should help sentiment, though it is still a bit to early to relax about AI threats.