Amino has announced FY 19 results in line with our estimates. Software and services sales grew strongly during the year (+41% YoY) reflecting the transformation programme announced during 2019 and the 24i acquisition. The transition towards a more software- led business model is also benefitting earnings quality, with improved revenue visibility, margins and cash performance. We make no changes to earnings estimates, but believe re-affirmed dividend expectations, alongside positive management
27 Feb 2020
2019 results - strong software performance
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2019 results - strong software performance
Aferian plc (AFRN:LON) | 11.8 0 0.0% | Mkt Cap: 13.1m
- Published:
27 Feb 2020 -
Author:
Blaine Tatum -
Pages:
7
Amino has announced FY 19 results in line with our estimates. Software and services sales grew strongly during the year (+41% YoY) reflecting the transformation programme announced during 2019 and the 24i acquisition. The transition towards a more software- led business model is also benefitting earnings quality, with improved revenue visibility, margins and cash performance. We make no changes to earnings estimates, but believe re-affirmed dividend expectations, alongside positive management