TA Trintech - 500 Beiträge pro Seite
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Trintech revenues to hit USD50m: analyst
Monday, February 26 14:34:03
Irish software group Trintech should post full year revenue of USD50m tomorrow, an increase of 65pc on the year, according to Jemma Houlihan, technology and telecoms analyst with ABN-Amro.
Speaking to Business and Finance Online, she forecast that gross profit would reach USD25m, but more importantly, gross margins would rise to 50pc from 43pc. She also said the company would report a normalised loss per share of 31.6c.
Commenting on the key factors of the results, she said, "We expect it to show a much higher percentage of software licence sales, which are the key driver of activities. It used to be hardware applications but the company is shifting its activities. This year, 45pc of its sales should be from software licences, compared with 30pc last year. This shows their strategy shift is working".
Monday, February 26 14:34:03
Irish software group Trintech should post full year revenue of USD50m tomorrow, an increase of 65pc on the year, according to Jemma Houlihan, technology and telecoms analyst with ABN-Amro.
Speaking to Business and Finance Online, she forecast that gross profit would reach USD25m, but more importantly, gross margins would rise to 50pc from 43pc. She also said the company would report a normalised loss per share of 31.6c.
Commenting on the key factors of the results, she said, "We expect it to show a much higher percentage of software licence sales, which are the key driver of activities. It used to be hardware applications but the company is shifting its activities. This year, 45pc of its sales should be from software licences, compared with 30pc last year. This shows their strategy shift is working".
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