Category: Software

Commodities, Finance, Mergers & Acquisitions, Software, Tech IPO

Tyco Posts Positive Results Despite Macro Headwinds

Tyco reported strong fiscal second-quarter results in the face of continued weakness in global commercial construction. The security and fire firm increased year-overyear organic revenue by 2% in the quarter, a slight acceleration from 1% growth in the prior quarter. Increased project selectivity in North America commercial security curbed revenue from growing further, but the company should see better growth from higher-margin service revenue in … Continue reading Tyco Posts Positive Results Despite Macro Headwinds

Adam KeintzelLeave a comment
Diversified Tech, Mergers & Acquisitions, Software, Tech IPO

BBVA’s Sees Increased Profits

In the first quarter, Spain’s Grupo BBVA reported profits of EUR 1,734 million, largely driven by gains of about EUR 823 million on disposals. Impairment losses fell 51% sequentially to EUR 1,376 million on the non-recurrence of special provisions in the trailing quarter, but the benefit of this was largely offset by a 7% sequential drop in net interest income, to EUR 3,623 million, as … Continue reading BBVA’s Sees Increased Profits

Ryan HoltzLeave a comment
Software

Pegasystems, Inc. Beats Street Estimates

Pegasystems, Inc. (PEGA) reported very strong 3Q results last night, beating our $40 million license estimate by 12% and driving total revenue 4% above our lowered forecast. EPS beat our number by $0.13 and the consensus by $0.15. The revenue upside was driven by a strong shift towards perpetual licenses, though there were no “transformational” deals, indicating solid sales execution in a category demonstrating good … Continue reading Pegasystems, Inc. Beats Street Estimates

John Bellich
BioTech, Software

Fusion-IO Fails to Deliver Expected Profits in Third Quarter

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 in revenue. Said differently, the company has yet to prove … Continue reading Fusion-IO Fails to Deliver Expected Profits in Third Quarter

Colin Pettis
BioTech, Software

GSE Systems Posts Respectable Q3 Performance in Tough Environment

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 and Germany. We’re reiterating our Speculative Hold rating because we … Continue reading GSE Systems Posts Respectable Q3 Performance in Tough Environment

Adam Keintzel
Software, Tech IPO

Stryker Posts Solid Results as Recon Market Strengthens

SYK beat consensus revenue and EPS as it benefited from an improving orthopedic implant market and stronger MedSurg growth. SYK’s gross margin was weaker than we had expected though it was able to offset this with SG&A leverage. SYK is now excluding amortization from its adjusted EPS. While we now have estimates both including and excluding amortization in our model, we have (reluctantly) changed our … Continue reading Stryker Posts Solid Results as Recon Market Strengthens

John Meady