FastSaying
Despite the challenging economic environment for technology companies, we posted healthy revenue growth, which led to higher-than- expected gross margins and earnings per share for the quarter.
Joan Hooper
Environment
Growth
Technology
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We also generated significant positive cash flow, which we will leverage to fuel the profitable growth of our business going forward.
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The fourth quarter was an intensely competitive environment with general softness in the technology sector. This resulted in a revenue performance that did not meet our expectations.
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Technology companies are still in a difficult environment. Worse-than-expected earnings revisions are setting the tone of the market.
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This isn't about money. My future is about life. It's just simply about life.
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These results are pleasing in that good revenue growth was achieved in the current low inflationary environment but many businesses experienced cost increases in excess of inflation, due to start-up costs of increasing capacity and fuel price rises.
— Brian Joffe
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