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22 Jan 2020
Sumo Group - In-line FY19 pre-close; positioned strongly for FY20
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Sumo Group - In-line FY19 pre-close; positioned strongly for FY20
- Published:
22 Jan 2020 -
Author:
Cavendish Research -
Pages:
3
Today’s trading statement reveals that FY19 results are “expected to be at least in line with market expectations”, meaning no change today to our FY19/FY20 estimates (which in turn are in line with consensus). However, important for the SUMO investment case, the already strong order book visibility has strengthened even further with the announcement that SUMO has secured several significant new contracts, thereby enhancing future predictability of forecasts. It is hard not to see SUMO continuing to deliver revenue growth of 20%+ for quite a while.