Mr Milde usually you are all over any release. The news is hitting me hard. Please spin this for me so at least I can fool myself into still believing Walt is a good guy. What the hell is going on with this company? IF they are so much ahead of the curve then why would a price increase of 10% not happen? Sorry it should have already happened. the last one was over a year ago. If the software works then increase the price. 1.9% terrible.
"...site closures for four large customers and major reorganizations within three other customers resulted in nearly $450,000 in lost revenues over 1QFY12; however, exclusive of these closures and reorganizations, our renewal rate remained over 90% for our remaining customers, and we added a number of software licenses at new customer sites as well as increased services revenues. In fact, we were successful in generating enough new sales to offset these reductions and still show a slight increase in revenues over 1QFY12. At this point, we do not foresee a recurrence of such a large drop in renewal revenues, although there can be no assurance that such a drop will not occur at some time in the future.”
If you think the drug industry is going out of business you shouldn't be in this stock. I believe that there is plenty of growth and a bright future for SLP. The fact that some customers closed sites and others reorganized yet SLP was still able to maintain last years sales levels is an indication of the strength of the SLP model. Nobody wants to see their customers consolidate but to think that the drug industry is going away just isn't reality. I'm holding my shares betting that we will see increased sales as the year goes on.