Black Knight’s earnings up on 7% growth in software revenue
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· Image Sensing up 17.7% after Q3 earnings. Image Sensing (NASDAQ:ISNS) shares are up 17.7% after reporting Q3 results that included a 5.9% Y/Y revenue growth. Key metrics: Royalties, $2.5M (+17% Y/Y); Product sales, $1.1M (-10%); gross margin 83% (+7%); operating expenses, $2.2M (+4%); capitalized software costs, $305K; cash balance, $2.8M.
Top line growth fell to 5%, down from 7% in the prior quarter. Black Knight earns the No. 4 rank among its peers in the Computer Software-Financial industry group.
This growth will be driven in part by software and services, both of which are growing faster than the core hardware business. Because software tends to carry higher margins than hardware, Cisco expects to grow its non-GAAP earnings at a faster rate than revenue over the next 3-5 years.
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(6) During the third quarter of fiscal 2017, the Company recorded software deferred revenue acquired but not recognized due to business combination accounting rules of $12 million, which were included in revenue. (7) During the third quarter of fiscal 2017, the Company recorded stock compensation expense of.
· In the third quarter, adjusted revenues for the Software Solutions segment increased 7% to $243.9 million. Our servicing software business had adjusted revenue growth of 7%, driven by loan growth.
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Relative to other cybersecurity companies as well as recent software IPOs. saw only 5% growth to $3.1 million. As a result, services revenues now only comprise 6.1% of Carbon Black’s overall.
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Revenue Growth for the first quarter of 2013/2014 Financial year was however 15%. Whether that growth will persist till the end of the year will depend on The subsidiary is also expected to sell corks to other beverage making companies but relies heavily on 7up for working capital. N971million is also.
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The company in September had forecast revenue growth between 2 percent and 5 percent and earnings per share of With all major software product categories and all geographic regions posting growth, Oracle reported new The company again expects growth in all areas of the world, he said.