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Velti plc Message Board

  • pylesm pylesm Jan 31, 2013 1:09 AM Flag

    Disaster Strikes at 4:56 On the Webcast

    CFO pretty much just warned that first half won't be good for earnings and company will be undergoing cost cutting as well as a mini reorganization. I find it remarkable that his talk wasn't vetted. However, you can't change reality. It would come out now or would come out in March. I'm canceling my buy order to see where this one ends up, but keeping my shares for the long term. CFO speculates company will be "well into" positive cash flow by EOY, with more specifics promised in six months.

    Odd that the sales guy said revenue would be stronger in Q1 than Q4 and he should know as much as the CFO on the revenue side. Some of what the CFO said almost contradicts the head of sales because CFO hinted they would take a revenue hit as they moved out of eastern Europe. To mean just mentioning that implies an overall revenue decline, not an increase.

    Anyway looks like expenses have gotten out of hand... (no wonder looking at the San Fran office!!!)... and sounds like they've been going gangbusters on hiring. I'm guessing some of those "centers of excellence" will be closing.

    Sentiment: Hold

 
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