Automatic Data Processing (ADP) reported solid fiscal second-quarter results Wednesday morning. Revenue growth was 9%, and EPS of $0.78 were about $0.01 above our estimate, although the $0.01 of upside is mainly attributable to a lower-than-expected tax rate. The fastest-growing part of the company remained the PEO segment (up 14%, 18% of total revenue), but…
WEX reported solid fourth-quarter results. Revenue grew 15% year-over-year and 8% from the prior quarter, to $182 million, and was above our estimate of $178 million and consensus of $177 million. Fourth-quarter adjusted EPS, excluding stock comp expense, were $1.17, above our $1.11 estimate. Including stock comp, adjusted EPS were $1.13, versus our $1.07 estimate,…
Solera reported relatively in-line fiscal second-quarter results on Wednesday, February 5, and meaningfully increased its guidance for fiscal 2014. Adjusted EPS of $0.64 in the fiscal second quarter were $0.02 higher than our estimate and in line with the consensus. Revenue growth of 14% year-over-year in the quarter (about 6% organically) was in line with…
Manhattan Associates reported better than expected 3Q total revenue and EPS. License revenue was $1.7 million lighter than we expected, though the company made up the deficit on services. Investor sentiment was somewhat cautious heading into the print, resulting in the stock up marginally (1%- 3%) in after-hours trading. While MANH executed reasonably well, sluggish…
Following 2Q14 (Dec) results, many analysts are reiterating a Hold rating. On one hand, the company was able to exceed 2Q14 guidance. However, the company is still unprofitable and is guiding 3Q14 results to include an even greater loss. At this time, the company has no clear path to profitability other than a 35%-40% increase…
Last night, GVP reported a good quarter, delivering contract revenue upside, in line GAAP EPS and relatively stable backlog in its 3Q13 earnings report. Despite posting a respectable performance, the company is still feeling the impact from stalled nuclear and non-nuclear simulator projects in the US, and from cancelled and delayed nuclear projects in Japan…
