Condunet Inc CNDT The shares are traded on Wednesday after the company informed the results of the first quarter.
The modified profits of one share of 13 cents, overlooking the street view of a loss of 15 cents. The quarterly sales of $ 751 million (a decrease of 18.5 % on an annual basis) was absent from estimating the consensus of the analyst of $ 778.33 million.
The company has reported to adjust profits before interest, taxes, depreciation and consumption of $ 37 million, an increase of 2.8 % on an annual basis. The profit margin was expanded before interest, taxes, depreciation and modified consumption by 50 points per second on an annual basis to 4.9 %.
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“Our wallet rationalization efforts are activated with additional opportunities and go on the right track towards achieving more than one dollar in the deployment capital,” he said Cliff SkitonThe sharp president and CEO.
The new commercial signatures ACV amounted to $ 109 million, while ARR’s net activity during the late 12 months reached $ 116 million.
At the end of the quarter, the liquidity location in the Condunet included $ 293 million of cash and a rounded credit facility of $ 550 million, not largely smuggled.
The CEO added that “fortunately, although the total economic and bodies are affecting everyone, most of our business sectors are somewhat isolated from the challenges of trade and government efficiency, and in some cases, they may benefit from opportunities.”
Expectations: Condunet again confirmed its sales directives in the 2015 fiscal year from 3.10 billion dollars to 3.25 billion dollars, compared to the estimation of the consensus of $ 3.19 billion.
Candt price: Condunet shares are trading by 2.44 % to $ 2 in publication on Wednesday.
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