Solera Holdings Reports Q4 Earnings Beat
Shares of Solera Holdings (NYSE: SLH) are trading flat in the after-hours following the release of the company's Q2 earnings results. Currently, shares are bid $53.75, at $58.20; they ended the regular session higher by 0.71%, at $56.55.
Solera Holdings reported Q4 EPS of $0.62 on revenues of $182.1 million; the Street was looking for $0.59 per share on revenues of $175.5 million. Revenues increased 17.7% year over year.
The company issued upside guidance, saying it sees FY2012 EPS in the range of $2.85-2.90; the Street was at $2.82 per share.
"We are pleased with a solid finish to fiscal 2011. Our constant currency revenue for the year grew by 8.1% -- in the middle of our total growth range of 7% to 9% -- and our Adjusted EBITDA margin expanded by 165 basis points due to our operating discipline and leverage in our business," said Tony Aquila, founder, Chairman and CEO of Solera Holdings, Inc.
"As demonstrated by our recent dividend increase, we are enthusiastic about our prospects for continued profitable growth. Despite continued global economic volatility, we believe our diversification and multiple growth levers position us well for the future."
Solera Holdings, Inc. is a provider of software and services to the automobile insurance claims processing industry. The company also provides products and services that complement its insurance claims processing software and services, including used vehicle validation and fraud detection software and services.
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