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Elmo Software Limited

( ASX:ELO ) - Software & Services

Analyst Views

ELO – Morgan Stanley rates as Overweight

FY18 operating earnings were 11% ahead of Morgan Stanley’s estimates. The company has guided to around 50% underlying sales growth in FY19. Morgan Stanley was most surprised by the significant reinvestment in personnel across the support, product and integration network, and supports the investment.

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