Revenue and adjusted EBITDA were in line with our estimates while fully adjusted EPS was ahead of our numbers thanks to a lower tax rate than we anticipated. In all, despite the known currency headwinds, the FY2015 results highlighted the continued progress that StatPro has made in developing its cloud-based offering to the increasingly receptive asset management industry. StatPro Revolution’s final product module will be launched in mid-2016. The recent purchase of Investor Analytics in the US increased the Group’s cloud-based Annualised Recurring Revenue (ARR) to 34%, while the acquisition of a 51% shareholding in InfoVest added further efficient data management software to the Group. The outlook statement notes that the current financial year has ‘started well’. We make small positive adjustments to our FY2016 estimates and add first-time FY2017 estimates.
10 Mar 2016
FY2015 results in line with expectations
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FY2015 results in line with expectations
Statpro Group (SOG:LON) | 0 0 (-0.8%) | Mkt Cap: 159.5m
- Published:
10 Mar 2016 -
Author:
Gareth Evans -
Pages:
9
Revenue and adjusted EBITDA were in line with our estimates while fully adjusted EPS was ahead of our numbers thanks to a lower tax rate than we anticipated. In all, despite the known currency headwinds, the FY2015 results highlighted the continued progress that StatPro has made in developing its cloud-based offering to the increasingly receptive asset management industry. StatPro Revolution’s final product module will be launched in mid-2016. The recent purchase of Investor Analytics in the US increased the Group’s cloud-based Annualised Recurring Revenue (ARR) to 34%, while the acquisition of a 51% shareholding in InfoVest added further efficient data management software to the Group. The outlook statement notes that the current financial year has ‘started well’. We make small positive adjustments to our FY2016 estimates and add first-time FY2017 estimates.