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VASCO Data Security International Inc. Message Board

  • mgm2020 mgm2020 Jul 26, 2012 4:25 PM Flag

    Just read the CC transcript...

    One of the most upbeat and confident conference calls ever for Vasco. And it seems that the Eurozone crisis not only is NOT having any negative impact on business, apparently some of the biggest customers and revenue in Europe are coming from banks in the hardest hit countries! And--they reaffirmed their guidance numbers DESPITE the decline in the exchange rate between the Euro and the dollar--if the exchange rate would not have changed they would have beat by an even larger margin this quarter. So, the 175 million full-year guidance is still based on the current exchange rate---not the exchange rate at the end of last year when the forecast was issued, indicating an even stronger business environment. If the Euro firms up due to our own quantitative easing, or other reasons then the overall revenue numbers will show a corresponding increase, and a larger beat next quarter! GREAT CC!

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