The week ahead
A number of companies report final results this week for periods ending October and November.
Ocado Group PLC (LON:OCDO), which provides an online grocery platform and solutions, announces final results on Tuesday. In a trading update in early December, it said it now expects full year EBITDA to be over £70m. It also completed two robotics acquisitions later in December - Kindred Systems, which designs, supplies and services sophisticated piece-picking robots for e-commerce and order fulfilment, and Haddington Dynamics, which designs and manufactures low-cost, lightweight, highly dexterous, robotic arms.
Micro Focus International plc (LON:MCRO), the enterprise software group which was a FTSE-100 constituent up to September 2019, reports final results on Tuesday. In its trading update in mid-November, it said that it expects to report FY20 revenue of approximately $3.0bn, which was in line with management expectations, and represents a decline of approximately 10% on a constant currency basis. The adjusted EBITDA margin is expected to be approximately 39% which was towards the upper end of management expectations, reflecting operational improvements and cost initiatives. Period-end net debt is expected to be $4.2bn, or £3.1bn, which implies an FY20 EV/sales multiple of just under 2.2x and an EV/Ebitda multiple of 5.5x.
RM plc (LON:RM), which supplies technology and resources to the education sector, reports final results on Tuesday.In its trading update in early December it said it expects full year results to be ahead of prior expectations as improved trading in Q3 continued during Q4 due to UK education establishments remaining open during regional and national lockdowns. Whilst COVID-19 impacted some new business development, RM won new contracts to deliver end-to-end digital assessments and school cloud solutions. The year-end net debt position is expected to be below £5mln (2019: £15mln).
Amino Technologies Plc (LON:AMO), the software-led media tech company, reports final results on Wednesday. The group has been transitioning from its legacy hardware background to a software-based approach that enables traditional TV and contemporary streaming services to be watched on any device, live or on demand. In its year-end trading update in early December, it said it expected to report an approximate 8% growth in total revenue to approximately $83mln for the year, with adjusted operating profit slightly ahead of the prior year. Software revenue is expected to have growth by about 50% to around $20mln while the exit run rate annual recurring revenue was approximately $11mln, up from $9.5mln at 30 November 201. The group closed the period with net cash of $9.4mln and no debt.
Across the pond, Cisco Systems reports Q2 results on Tuesday, Twitter reports Q4 results on Tuesday and Uber Technologies reports Q4 results on Wednesday.
Other US tech related companies reporting this week include Blackbaud, Nuance Communications, Akamai Technologies, Avaya Holdings, NCR Corp, Corsair Gaming, Fiserv, Glu Mobile, Gartner, LYFT, Yelp, SS&C Technologies, iRobot, Equinix, Qualys, Tyler Technologies, Zynga, TechTarget, Trimble, Sonos, Paycom Software, Radware, Cyberark Software, Zebra Technologies, Cloudflare, Cognex Corp, Datadog, Digital Realty Trust, Forrester Research, GoDaddy, HubSpot, Veeco Instruments and Verisign.
Date · Company · Event · Period ending
09-Feb · Microfocus · Final results · 31-Oct
09-Feb · Ocado · Final results · 30-Nov
09-Feb · RM Group · Final results · 30-Nov
10-Feb · Amino Tech · Final results · 30-Nov
16-Feb · Blancco Tech · Interim results · 31-Dec
17-Feb · Transense Tech · Interim results · 31-Dec
22-Feb · Fonix Mobile · Interim results · 31-Dec
24-Feb · Netcall · Interim results · 31-Dec
25-Feb · Dotdigital · Interim results · 31-Dec
February · VR Education · Final results · 31-Dec
01-Mar · Craneware · Interim results · 31-Dec
01-Mar · Quartix · Final results · 31-Dec
03-Mar · Avast · Final results · 31-Dec
03-Mar · GetBusy · Final results · 31-Dec
Week of 8 Mar · PCI Pal · Final results · 31-Dec
09-Mar · Gresham Tech · Final results · 31-Dec
Early Mar · Attraqt · Final results · 31-Dec
10-Mar · FDM · Final results · 31-Dec
11-Mar · Spirent · Final results · 31-Dec
16-Mar · Computacenter · Final results · 31-Dec
16-Mar · Bango · Final results · 31-Dec
16-Mar · KRM22 · Final results · 31-Dec
17-Mar · Kape · Final results · 31-Dec
17-Mar · Tribal · Final results · 31-Dec
18-Mar · Emis · Final results · 31-Dec
18-Mar · Ocado · Q1 trading · 28-Feb
22-Mar · Blackbird · Final results · 31-Dec
24-Mar · Keywords Studios · Final results · 31-Dec
24-Mar · Softcat · Interim results · 31-Jan
24-Mar · Sopheon · Final results · 31-Dec
25-Mar · Learning Technologies · Final results · 31-Dec
29-Mar · Quixant · Final results · 31-Dec
March · Seeing Machines · Interim results · 31-Dec
March · Keywords Studios · Final results · 31-Dec
March · Boku · Final results · 31-Dec
March · IQGeo · Final results · 31-Dec
Week of 29 Mar · Mobile Tornado · Final results · 31-Dec
April · Supply@Me · Final results · 31-Dec
13-Apr · XLMedia · Final results · 31-Dec
Source: Data from regulatory news and company websites