SOLERA HOLDINGS INC (SLH, Financial) filed Quarterly Report for the period ended 2011-12-31.
Solera Holdings has a market cap of $3.64 billion; its shares were traded at around $48.1 with a P/E ratio of 21.6 and P/S ratio of 5.3. The dividend yield of Solera Holdings stocks is 0.8%. Solera Holdings had an annual average earning growth of 10.9% over the past 5 years.
Our Americas revenues increased $23.0 million, or 41.4%, to $78.8 million and include revenues from Explore of $21.3 million. After adjusting for changes in foreign currency exchange rates and excluding revenues from Explore, Americas revenues increased $2.7 million, or 4.9%, during the three months ended December 31, 2011 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 Americas revenues increased $48.2 million, or 43.6%, to $158.9 million and include revenues from Explore of $42.5 million. After adjusting for changes in foreign currency exchange rates and excluding revenues from Explore, Americas revenues increased $5.4 million, or 4.8%, during the six months ended December 31, 2011 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 operating expenses decreased $0.7 million, or 3.7 %. After adjusting for changes in foreign currency exchange rates, EMEA operating expenses decreased $0.9 million, or 4.0%, during the three months ended December 31, 2011 primarily due to decreases in personnel and equipment expenses of $0.6 million and $0.7 million, respectively, offset by an increase in third party license fees of $0.4 million resulting from the increase in EMEA revenues.
Our EMEA operating expenses increased $2.5 million, or 5.5%. After adjusting for changes in foreign currency exchange rates, EMEA operating expenses decreased $0.1 million, or 0.3%, during the six months ended December 31, 2011 due to decreases in personnel and equipment expenses of $0.7 million and $0.3 million, respectively, offset by an increase in third party license fees of $0.9 million resulting from the increase in EMEA revenues.
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Solera Holdings has a market cap of $3.64 billion; its shares were traded at around $48.1 with a P/E ratio of 21.6 and P/S ratio of 5.3. The dividend yield of Solera Holdings stocks is 0.8%. Solera Holdings had an annual average earning growth of 10.9% over the past 5 years.
Highlight of Business Operations:
Foreign currency. During each of the three and six months ended December 31, 2011, we generated approximately 71%, and during the three and six months ended December 31, 2010, we generated approximately 79% and 78%, respectively, of our revenues and incurred a majority of our costs, in currencies other than the U.S. dollar, primarily the Euro. We translate our local currency financial results into U.S. dollars based on average exchange rates prevailing during a reporting period for our statement of income and certain components of stockholders equity and the exchange rate at the end of that period for the balance sheet. These translations resulted in net foreign currency translation adjustments of $(24.1) million and $(58.9) million for the three and six months ended December 31, 2011, respectively, and $(13.4) million and $34.8 million during the three and six months ended December 31, 2010, respectively, which are recorded as a component of accumulated other comprehensive income (loss) in stockholders equity. Foreign currency transaction losses recognized in our consolidated statements of income were $0.1 million and $0.2 million during the three and six months ended December 31, 2011, respectively, and $4.0 million and $3.8 million during the three and six months ended December 31, 2010, respectively.Our Americas revenues increased $23.0 million, or 41.4%, to $78.8 million and include revenues from Explore of $21.3 million. After adjusting for changes in foreign currency exchange rates and excluding revenues from Explore, Americas revenues increased $2.7 million, or 4.9%, during the three months ended December 31, 2011 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 Americas revenues increased $48.2 million, or 43.6%, to $158.9 million and include revenues from Explore of $42.5 million. After adjusting for changes in foreign currency exchange rates and excluding revenues from Explore, Americas revenues increased $5.4 million, or 4.8%, during the six months ended December 31, 2011 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 operating expenses decreased $0.7 million, or 3.7 %. After adjusting for changes in foreign currency exchange rates, EMEA operating expenses decreased $0.9 million, or 4.0%, during the three months ended December 31, 2011 primarily due to decreases in personnel and equipment expenses of $0.6 million and $0.7 million, respectively, offset by an increase in third party license fees of $0.4 million resulting from the increase in EMEA revenues.
Our EMEA operating expenses increased $2.5 million, or 5.5%. After adjusting for changes in foreign currency exchange rates, EMEA operating expenses decreased $0.1 million, or 0.3%, during the six months ended December 31, 2011 due to decreases in personnel and equipment expenses of $0.7 million and $0.3 million, respectively, offset by an increase in third party license fees of $0.9 million resulting from the increase in EMEA revenues.
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