
Improved Outlook for Solera Drives Another Increase to Guidance
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 our estimate and a touch below the consensus. Management attributed … Continue reading Improved Outlook for Solera Drives Another Increase to Guidance