Mar 11th 2013 - Edison Investment Research today published a report on Brady (BRY.L, LSE:BRY, LON:BRY) entitled "Maintaining The Momentum". In summary, the report says:
FY12 was a very busy year for Brady, with two significant acquisitions in the period and a 43% jump in the number of new significant licences. The group now has a broader solutions set, which encapsulates most areas of the commodities markets, and a stronger foothold in the important North American market. FY12 revenues grew by 47% as expected, benefiting from a firm pricing environment, with the average deal size up 75% on the previous year. In our view, the stock continues to look attractive on our maintained forecasts, given the strong industry growth drivers and the ongoing M&A interest in the financial software space.
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