Declout

Declout: FY13 results above Voyage's estimates by 220%, driven by newly acquired subsidiary Procurri LLC (the company’s US operations), a 2H13 rebound from organic IT infrastructure services and the Games Vertical Domain Cloud. With the company’s operations back on the growth track, coupled with cash of $14.1m on its balance sheet, Voyage expect the company to continue with its acquisition plans and drive growth for FY14. House has an Increase Exposure rating and TP $0.29.