FTG reported solid Q2 numbers. Revenue was up 14% to $38.8M, and EPS came at $0.06, both top and bottom lines came in line with estimates. The booking numbers grew strongly by 46%, indicating healthy demand for the company’s product in the near term. However, the gross margin was down slightly to 27.9% compared to last year's 29.4% We think the operating result and near-term prospects are solid. The company's long-term objective remains intact which is to grow revenue by 15% on average, essentially double earnings every five years through organic growth and acquisition, while maintaining a strong balance sheet. The stock is doing well, and with its higher market cap now more investors may get interested.
5i Research Answer: