Formpipe Q2’19: Solid report in line with forecast
Research Note
2019-07-12
11:43
Group level sales and earnings were in line with our forecast. However, the important recurring revenue came in slightly below estimate. The scalable private sector is performing well, adding a private Long-term Archive deal, and improving its margin significantly YoY. We will likely keep our forecasts almost unchanged.
FN
Fredrik Nilsson
Disclosures and disclaimers