We have updated our forecast to more accurately account for expected operating costs in 2018. Hiring at Elbit Systems has steadily increased by 2% to 3% a year over the last few years, much of which has been seen in higher sales and marketing costs. We have also added our marketing presentation of Elbit for our subscribers. However our prior estimates we believe likely punished Elbit too severely. We are increasing our non-GAAP EBIT margins from 9.7% to 10.1%. Source: Perspectec Source: Perspectec Source: Perspectec We have also attached an easy to understand powerpoint explaining our view. […]
Daily Archives: Thursday, January 18, 2018 11:51pm
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