Brady finished the year well given weak underlying market conditions, with full year revenues in line and profits ahead of revised expectations. New contracts were still signed in H2, albeit smaller in value reflecting the emergence of an increasing number of start-up trading operations that are proving to be natural buyers of Brady’s cloud offering. While risks remain, investors should take some confidence from a) management’s prudence with cash and costs – the dividend has been temporarily scr ....
21 Mar 2016
Numbers in line, no changes to underlying forecasts
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Numbers in line, no changes to underlying forecasts
Brady Corporation Class A (BRC:NYS) | 0 0 0.0%
- Published:
21 Mar 2016 -
Author:
N+1 Singer Team -
Pages:
3
Brady finished the year well given weak underlying market conditions, with full year revenues in line and profits ahead of revised expectations. New contracts were still signed in H2, albeit smaller in value reflecting the emergence of an increasing number of start-up trading operations that are proving to be natural buyers of Brady’s cloud offering. While risks remain, investors should take some confidence from a) management’s prudence with cash and costs – the dividend has been temporarily scr ....