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SOLERA HOLDINGS INC Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: November 6, 2012 04:37PM

SOLERA HOLDINGS INC (SLH) filed Quarterly Report for the period ended 2012-09-30. Solera Holdings, Inc. has a market cap of $3.26 billion; its shares were traded at around $49.52 with a P/E ratio of 20.4 and P/S ratio of 4.1. The dividend yield of Solera Holdings, Inc. stocks is 1.1%. Solera Holdings, Inc. had an annual average earning growth of 11.3% over the past 5 years.



Highlight of Business Operations:

During the three months ended September 30, 2012 as compared to the three months ended September 30, 2011, the U.S. dollar strengthened against most major foreign currencies we use to transact our business. The average U.S. dollar strengthened versus the Euro by 11.6% and the Pound Sterling by 2.0%, which decreased our revenues and expenses for the three months ended September 30, 2012. A hypothetical 5% increase or decrease in the U.S. dollar versus other currencies in which we transact our business would have resulted in an increase or decrease, as the case may be, to our revenues of $6.7 million during the three months ended September 30, 2012.

During the three months ended September 30, 2012, revenues decreased $3.0 million, or 1.5%. After adjusting for changes in foreign currency exchange rates, revenues increased $11.6 million, or 5.8%, during the three months ended September 30, 2012 resulting from growth in transaction and subscription revenues in several countries from sales to new customers and increased transaction volume from and sales of new software and services to existing customers.

Our EMEA revenues decreased $8.5 million, or 7.1%, to $110.1 million. After adjusting for changes in foreign currency exchange rates, EMEA revenues increased $3.5 million, or 2.9%, during the three months ended September 30, 2012 resulting from growth in transaction revenues in several countries from sales to new customers and increased transaction volume from and sales of new software and services to existing customers.

Our Americas revenues increased $5.5 million, or 6.9%, to $85.6 million. After adjusting for changes in foreign currency exchange rates, Americas revenues increased $8.1 million, or 10.2%, during the three months ended September 30, 2012 resulting from incremental revenue contributions from immaterial acquisitions completed in fiscal year 2012, revenue growth in our Explore business due to an increase in drivers and households monitored, and growth in transaction and subscription revenues from sales to new customers and increased transaction volume from and sales of new software and services to existing customers in Latin America.

Our Americas operating expenses increased $1.3 million or 6.2%. After adjusting for changes in foreign currency exchange rates, Americas operating expenses increased $1.6 million, or 7.9%, during the three months ended September 30, 2012 primarily due to an increase in the costs of data purchased from state departments of motor vehicles consistent with the revenue growth in our Explore business.

Read the The complete Report



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