Markets & Finance

RBC Capital Upgrades Hyperion Solutions to 'Outperform'


RBC Capital upgraded Hyperion Solutions (HYSL) to outperform.

Analyst David Beck says he upgraded the business software maker from sector perform as the company delivered strong growth of 38% for both key growth products: Planning and Financial Management. He says the second quarter beat his earnings per share and revenue estimates.

Beck notes earnings per share strength is even more impressive considering the backdrop of integration activities during the quarter. He believes success in the second quarter may represent a breakout, as compliance-related initiative drives demand for planning and budgeting systems worldwide. He says Brio revenue also accelerated.

Beck raised the $1.20 2004 earnings per share estimate to $1.67, and upped the $1.46 estimate to $1.99. He raised the $34 target to $43.


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus