He believes the shares will likely remain range-bound until VMware proves it can execute and drive top-line growth
Strong top-line growth
came on the back of a robust performance by the Group's NBFI platform, which reported a 73% y-o-y increase in revenues to EGP 322m in 2Q19 and contributed 31% to group revenues for the quarter.
Our results were achieved through quality top-line growth
, productivity improvements and effective fleet management.
About 7.9 percentage of the growth was contributed by comparable sales from old stores while new stores contributed 14 percentage of the top-line growth
"Much -improved margins and the accompanying (and predictably widespread) desire for top-line growth
should translate into steadily declining personal lines rate changes," Keefe, Bruyette & Woods said.
Voluntary sales and top-line growth
continue to trend substantially higher year-over-year.
500 crore top-line growth
along with a chain of new restaurants by the year 2020.
"[W]ith reinsurers' emphasis shifting from top-line growth
to pure underwriting profitability and control, some carriers may reconsider their MGA strategy, endangering some coverholder relationships," the report continued.
While the top-line growth
continues to moderate, bottom line improvements were supported by a sharp decline in loan loss provisions (LLPs) by 2.7 per cent last year compared to 2016.
However, with strong top-line growth
driven mainly by LfL traffic gains, structural benefits on gross profitability, and pressure from the minimum wage hike expected to ease in the coming quarters, we would not take the results negatively.
Integra officials said the separation will provide both companies with a faster top-line growth
profile; allow the new SeaSpine to invest more in top-line growth
initiatives such as sales, marketing and research and development, and to access the capital markets; accelerate Integra's operating margin expansion plans; and unlock equity value for Integra's shareholders.
He said, for the fiscal fourth quarter, the company expects" continued strong top-line growth
, and plan to increase investment spending to further propel momentum and strengthen our future business.