trending Market Intelligence /marketintelligence/en/news-insights/trending/1UktZHkbhEOoMSV2FOH9eQ2 content esgSubNav
In This List

OVS SpA fiscal Q4 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


OVS SpA fiscal Q4 profit falls YOY

OVS SpA said its normalized net income for the fiscal fourth quarter ended Jan. 31 was 4 euro cents per share, a decline of 64.7% from 11 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €5.3 million, a decrease of 64.7% from €15.0 million in the year-earlier period.

Reported net income rose 12.9% year over year to €15.8 million, or 11 cents per share, from €14.0 million, or 10 cents per share.

For the year, the company's normalized net income totaled 12 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 28 cents.

EPS declined 28.7% from 16 cents in the prior year.

Normalized net income was €16.2 million, a fall of 28.7% from €22.7 million in the prior year.

Full-year total revenue fell 42.6% year over year to €675.9 million from €1.18 billion, and total operating expenses decreased 44.7% on an annual basis to €602.2 million from €1.09 billion.

The company said reported net income came to a loss of €3.8 million, or a loss of 3 cents per share, in the full year, compared with a loss of €9.8 million, or a loss of 7 cents per share, the prior year.