Operating income (GAAP basis) rose to $14.8M from $7.5M, and net income on that basis increased to $7.3M from $2.7M. Adjusted EBITDA came to $29.1M, above an expected $26.2M.
Book-to-bill ratio came to 0.90; as of July 31, backlog was $446.2M.
Cash and equivalents came to $41.8M after cash flow from operations of $23M.
It's set fiscal 2018 targets for revenue of $550M-$575M (vs. consensus for $567M), GAAP EPS of $0.41-$0.44 (above consensus for $0.40), and an effective income tax rate of 34.75%.
Conference call to come tomorrow at 8:30 a.m. ET.
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