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,…
NetSuite reported another solid quarter last night, delivering total revenue, subscription revenue and billings above our (and the Street’s) expectations. Consistent with prior periods, Q3 was driven by increasing average deal sizes from the company’s move up market, good retention in the installed base and an increasingly effective channel partner network. Management maintained its customary…
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…
The R.R. Donnelley pending acquisition of Consolidated Graphics (CGX) recently received regulatory approval and is expected to close in 1Q14. The transaction is still subject to approval of CGX shareholders, who will receive $34.44 in cash and 1.651 shares of RR Donnelley per CGX share plus Donnelley’s assumption of Consolidated Graphics debt of about $98…
SMCI reported F2Q non-GAAP EPS of $0.35 on $356M vs. Street $0.26 on $333M (and our $0.27 on $335M). Guide was $0.25-0.31 on $320-350M. In contrast to F1Q, Geo strength was led by Asia (23% or rev. vs. 18% q/q) with IDC a particularly strong vertical in that region. EMEA (24% vs. 23% q/q) and…
Following in the footsteps of comparable companies, Diodes reported in-line 3Q13 results but also provided below-consensus 4Q13 revenue guidance. Management’s 4Q13 revenue guidance of -5.5% quarter over quarter (midpoint) is an indication of weaker market conditions and not indicative of the company losing market share. We are sticking with our Buy rating as we believe…
