During H1FY17, Aconex Ltd reported a revenue growth of 38% yoy to $77.0

During H1FY17, Aconex Ltd reported a revenue growth of 38% yoy to $77.0 million, primarily driven by the acquisition of Conject Holding GmbH in March 2016 and strong international growth. Earnings before interest, taxes, depreciation, and amortization (EBITDA) from core operations, excluding acquisition and integration costs grew by 9% yoy to $7.4 million. The company’s cash and cash equivalents stood at $43.2 million at December 31, 2016 against $52.5 million at June 30, 2016. Aconex has reaffirmed its earlier (Jan-2017) outlook for FY17, as it expects revenue of $160-165 million and EBITDA of $15-18 million. The stock has declined about 46.7% over the past twelve months owing to concerns on meeting guidance, uncertainty in the UK and Europe and still seems to be facing some headwinds.

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