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Accenture PLC to report earnings


While December results season is over for UK larger caps, it is a very busy week for UK small caps. Meanwhile, in an otherwise subdued week in the US, Dublin-based consulting giant Accenture is expected to be the highlight among the handful of tech related businesses reporting.

The week ahead

In the UK, we anticipate December final results from (LON: CCC), (LON: BGO), (LON: KRM), (LON: BOKU), (LON: KAPE), (LON: TRB) and Emis Group PLC (LON: EMIS) and interims from (LON: EYE). Meanwhile, (LON: OCDO) is expected to release a first-quarter trading update on Thursday.

Computacenter, the information technology services provider, reports its final results tomorrow. In its trading update in late January, the company increased its guidance yet again, with adjusted profit before tax “in excess of £195mln”, up from “no less than £190mln” in the December update. Total revenue grew by 8% or 3% excluding the impact of acquisitions, and the group closed the year with adjusted net funds, excluding IFRS16 lease liabilities, of around £188mln. The company said the positive momentum in trading showed no signs of slowing down, and its pipelines for both technology sourcing and services are as strong as at any time in the last year

Bango, the mobile commerce operator that connects payment providers, merchants, and app stores, releases its final results tomorrow. In its trading update in January, it said that revenue was ahead of expectations at £12.2mln, reflecting 70% growth, while adjusted underlying earnings (EBITDA) were expected to exceed £4mln. End-user spend jumped to £1.9bln, up from £1.1bln in 2019, boosted by global lockdowns, which drove more users online and accelerated the adoption of digital payments by merchants and consumers.  The group finished the year with net cash of £5.83mln. Earlier this month, Bango announced the appointment of Matt Garner as its chief financial officer.

KRM22, which is focused on capital markets risk management, announces its final results tomorrow. In its January trading update, it said it expects to report revenue of £4.6mln, up from £4.1mln in 2019, while the EBITDA loss shrank to £0.1mln from £3.1mln. Annualised recurring revenue stood at £4.3mln at the end of December, reflecting constant-currency growth of around 5%, and the group ended the period with gross cash of £2.0mln and net debt of £1.0mln. In February, KRM22 announced a partnership with Kintail Consulting to address the area of people and culture risk in capital markets.

Boku, which provides direct carrier billing, releases its final results tomorrow.  In its January trading update, it said it expects to report both revenues and EBITDA ahead of the current market consensus expectations. Revenues are expected to grow by at least 20% to US$56.3mln while adjusted EBITDA is expected to more than double to US$15.0mln. The company has progressed on launching wallets as a new payment method, initially to its existing merchants, with 11 wallets live supported with material volume growth, albeit off a small base. Since the update, Boku has announced several new partnerships, including with Microsoft for direct carrier billing payment method in South Korea & Saudi Arabia.

Eagle Eye, the marketing technology company, releases its interim results tomorrow. In its January trading update, it said it expects to report revenue growth of 8% to £10.8mln with adjusted EBITDA up 62% at £2.1mln. The group swung to a net cash position of £0.1mln at the period end. The company said the outlook for the current financial year remained in line with the board’s expectations, notwithstanding the impact that the pandemic has had on the food and beverage and non-grocery customer segment.

Kape, the digital security and privacy software business, announces its final results on Wednesday with revenue at the upper end of management’s forecasted range and adjusted EBITDA ahead of management’s expectations. Revenue…



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