Seven Principles - Glimmer of recovery

Tuesday, Nov 13 2012 by

Nov 13th 2012 - Edison Investment Research today published a report on Seven Principles entitled "Glimmer Of Recovery". In summary, the report says:

While Seven Principles’ previous strong growth streak has been interrupted by the weak economy, disruption in its client base and staff churn from to an organisational restructuring, Q3 results show signs of stabilisation. There is still work to do but the restructuring is progressing, churn has stabilised and margins should continue to recover over the next 12 months. The timing of a full recovery is hard to gauge, but the company is well positioned in its key verticals and recent initiatives should strengthen its footing in growth segments such has enterprise mobile, cloud computing and database technologies.




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