Amino’s H1’17 results on Tuesday showed continued momentum in both device sales and recurring software revenue, leaving the group very well placed to achieve our full year expectations. Trading in the first half benefitted from a healthy FX tailwind but we were encouraged to see double digit underlying constant currency growth in both key revenue segments. Net cash at May’17 of £13.1m benefitted from a large working capital inflow, which we expect to reverse in H2, however the group still has pl ....
13 Jul 2017
N+1 Singer - Amino Technologies - Strong momentum at attractive valuation
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N+1 Singer - Amino Technologies - Strong momentum at attractive valuation
Aferian plc (AFRN:LON) | 10.2 0 0.0% | Mkt Cap: 11.4m
- Published:
13 Jul 2017 -
Author:
Oliver Knott -
Pages:
6
Amino’s H1’17 results on Tuesday showed continued momentum in both device sales and recurring software revenue, leaving the group very well placed to achieve our full year expectations. Trading in the first half benefitted from a healthy FX tailwind but we were encouraged to see double digit underlying constant currency growth in both key revenue segments. Net cash at May’17 of £13.1m benefitted from a large working capital inflow, which we expect to reverse in H2, however the group still has pl ....