TXT reported a small year-on-year revenue decline for Q116. While TXT Next showed continued growth, TXT Perform saw delays in the signing of new licences, resulting in a decline in revenues. This was offset by reduced operating expenses. Management sees a more positive outlook in Q2 and maintains expectations for FY16. We leave our forecasts substantially unchanged.
18 May 2016
Profits maintained despite licensing weakness
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Profits maintained despite licensing weakness
TXT e-solutions S.p.A. (TXT:MIL) | 0 0 0.0%
- Published:
18 May 2016 -
Author:
Katherine Thompson -
Pages:
3
TXT reported a small year-on-year revenue decline for Q116. While TXT Next showed continued growth, TXT Perform saw delays in the signing of new licences, resulting in a decline in revenues. This was offset by reduced operating expenses. Management sees a more positive outlook in Q2 and maintains expectations for FY16. We leave our forecasts substantially unchanged.