Decent results! - 58M net income!! vs 48M in 4Q11, net income increased 20% sequentlally WOW!!! Cost cutting in action, if revenue stabilises and net income and costs continue on this path, woohoo. they obviously have lost bodies and costs are down, hopefully they are running leaner anyways.
- 289M revenues vs 313M in 4Q11
- Online revs 86M vs 83M 1Q11, UP y/y
- Online organic growth y/y 8%
- 292M cash on the books
- Adjusted EPS 13 cents,
- Ebitda unchanged vs 4Q11 147M/146M
- Ebitda margin UP sequentially 47% 4Q11 vs 50.5% 1Q12
- Current assets 580M 1Q12 vs 350M in 4Q11
- Customer renewal :87%, no change over the last 5 Q!! So customers are NOT jumping ship at all