leadf
logo-loader
viewOcado Group PLC

Richard Jeans' Tech Blog: Cisco, Twitter, Uber and Ocado to report earnings

Ocado, the FTSE 100 online grocery platform and solutions provider, and ex-FTSE 100 enterprise software company Microfocus report earnings this week. Meanwhile, in the US Cisco Systems, Twitter and Uber Technologies are set to report their earnings in a busy week of earnings announcements.

Ocado Group PLC -

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 grown 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 Inc (NYSE:TWTR) reports Q4 results on Tuesday and Uber Technologies (NYSE:UBER) 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.

Quick facts: Ocado Group PLC

Price: 2089 GBX

LSE:OCDO
Market: LSE
Market Cap: £15.65 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

IQGeo Group's new European Regional Manager explains strategy to expand...

IQGeo's (LON:IQG) new European Regional Manager Richard Weiss joins Proactive London's Katie Pilbeam about his new role as European Regional Manager. Weiss is a geospatial industry veteran with 25 years’ experience and joins from 3-GIS where he was managing director for Europe, the Middle...

1 hour, 3 minutes ago

3 min read