Hansen: Interim result 2016

This maker of billing software has had an exceptional start to the year thanks to its recent foray into Europe.

When we initially upgraded Hansen Technologies on 29 Oct 14 (Buy – $1.52), we thought the company had decent growth prospects: ‘Assuming annual organic growth of 5–7% over the long term, with room for cluey acquisitions to add to that, total annual returns could comfortably surpass 10% a year’.

We were well off the mark. In the sixteen months since then, revenue and net profit have risen 65% and the share price has more than doubled.

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