Nomura/Instinet Reiterates Reduce on Hollysys Automation (HOLI)
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Hollysys Automation Technologies Reports Unaudited Financial Results for the Fiscal Year and the Fourth Quarter Ended June 30, 2017
August 14, 2017 5:00 PM EDTBEIJING, Aug 14, 2017 /PRNewswire/ --
Fiscal Year 2017 Financial Highlights
Non-GAAP net income attributable to Hollysys was $70.1 million, a decrease of 42.3% compared to the comparable prior year period. Total revenues were $431.9 million, a decrease of 20.6% compared to the comparable prior year period. Non-GAAP gross margin was at 32.7%, compared to 37.9% for the comparable prior year period. Non-GAAP diluted EPS were at $1.16, a decrease of 42.6% compared to the comparable prior year period. Net cash provided by operating... More