Q4 results were rather good...A couple of my CEO posts...
A nice quarter. All of the growth was organic. Compounded sequential SaaS revenue growth of 4.441% translates to 18.983% over a whole year period, which is pretty decent. As we know, some quarters include acquisitions, which makes the numbers look sexier, but as noted this was rather good for a between-acquisitions period. Gross margin is still excellent and expenses are quite well controlled. I do a calculation whereby I remove taxation and one time items (like forex, business acquisition/restructuring/integration expenses and change in fair value of contingent consideration). This is up 17.5% sequentially and 118% year-over-year. So, I continue to be one happy camper. A nice long term compounder.
Oh ya, the company continues to throw off huge amounts of cash - about $20M last year on earnings of less than $5M. That will fund a lot of acquisitions. Wow! (By the way, that's about $0.42/fully diluted share in cash flow.)