{"id":1845,"date":"2016-03-31T16:01:54","date_gmt":"2016-03-31T10:01:54","guid":{"rendered":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/bradys-interim-results-speak-volumes\/"},"modified":"2016-03-31T16:01:54","modified_gmt":"2016-03-31T10:01:54","slug":"bradys-interim-results-speak-volumes","status":"publish","type":"post","link":"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/bradys-interim-results-speak-volumes\/","title":{"rendered":"Brady\u2019s Interim Results Speak Volumes"},"content":{"rendered":"

Brady<\/a> PLC released its interim full year results for 2015 recently and in line with expectations, revenues were off 7% adjusted for currency, as a result of weaker market conditions in the second half of the year. Including in the impact of a weaker pound, the company\u2019s results show a decline in all sources of revenues when compared to 2014<\/a>, with license revenues declining 31%. However, a potential bright spot is that recurring revenues declined the least, bolstered by a number of cloud<\/a> deals \u2013 a 60% increase in the number of cloud<\/a> deals over the year is cited in the release. In fact, on a constant currency basis (ignoring the impact of the strong dollar\/weak pound), recurring revenues would have shown an increase of about 2% over the prior year. Operationally, the results met ComTech\u2019s expectations for the company. With 20 new contracts signed in 2015, Brady<\/a> continued to close business in line with 2014<\/a> and clearly competed well. However, weaker revenue numbers indicate recognized license revenues per deal were lower. Bottom-line, the company lost 1.4m GBP before taxes and suspended dividends temporarily in order to maintain its strong balance sheet. Looking behind these numbers, we see additional confirmation<\/p>\n

The post Brady\u2019s Interim Results Speak Volumes<\/a> appeared first on CTRM Center<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brady PLC released its interim full year results for 2015 recently and in line with expectations, revenues were off 7% adjusted for currency, as a result of weaker market conditions in the second half of the year. Including in the impact of a weaker pound, the company\u2019s results show a decline in all sources of revenues when compared to 2014, with license revenues declining 31%. However, a potential bright spot is that recurring revenues declined the least, bolstered by a number of cloud deals \u2013 a 60% increase in the number of cloud deals over the year is cited in the release. In fact, on a constant currency basis (ignoring the impact of the strong dollar\/weak pound), recurring revenues would have shown an increase of about 2% over the prior year. Operationally, the results met ComTech\u2019s expectations for the company. With 20 new contracts signed in 2015, Brady continued to close business in line with 2014 and clearly competed well. However, weaker revenue numbers indicate recognized license revenues per deal were lower. Bottom-line, the company lost 1.4m GBP before taxes and suspended dividends temporarily in order to maintain its strong balance sheet. Looking behind these numbers, we see additional confirmation … continue reading<\/a><\/p>\n","protected":false},"author":4624,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[326,45,258],"acf":[],"yoast_head":"\nBrady\u2019s Interim Results Speak Volumes | Commodity Technology Advisory<\/title>\n<meta name=\"description\" content=\"Brady PLC released its interim full year results for 2015 recently and in line with expectations, revenues were off 7% adjusted for currency, as a result\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.comtechadvisory.com\/blog\/industry-news\/bradys-interim-results-speak-volumes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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