Q3 trading points to a sequential recovery H2 Managed Services (MS) revenues in the order of 3% for recurring revenues and some 16% for project work. This improved visibility gives the company the confidence to reintroduce guidance for both FY21 and FY22 with the latter expected to benefit from a return of pent-up demand and generate high single digit MS organic revenue growth and FCF of some £6m for an equity FCF yield of c.9%. We view this as attractive given the potential to push FCF towards ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Reintroducing Forecasts
- Published:
10 Feb 2021 -
Author:
Caspar Erskine | Harold Evans | Kevin Ashton -
Pages:
3
Q3 trading points to a sequential recovery H2 Managed Services (MS) revenues in the order of 3% for recurring revenues and some 16% for project work. This improved visibility gives the company the confidence to reintroduce guidance for both FY21 and FY22 with the latter expected to benefit from a return of pent-up demand and generate high single digit MS organic revenue growth and FCF of some £6m for an equity FCF yield of c.9%. We view this as attractive given the potential to push FCF towards ....