-
The future, i.e. strategic imperatives business, now accounts for 45% of revenues and is growing 11% while the older legacy business is fell 8%.
-
More importantly the strategic initiatives growth (having increased from 7% last quarter) is beginning to accelerate and cloud revenue growing 20%.
-
Guidance was unchanged with adjusted EPS of at least $13.80
The stock price closed SP on Friday at $162.20 mean the company has a ridiculously cheap forward PE of 11.75 and yield of 3.7%.
With sales and earnings about to start growing again surely the stock is going to head upwards.
This is not a recommendation to buy or sell. Stocks are not suitable for all investors. Please do your own research
Submitted October 21, 2017 at 11:03AM by InterestingNews1 http://ift.tt/2gY6YoB
