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Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Bottom-Up

Internet Initiative Japan / Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/internet-initiative-japan" target="_blank" data-smartkarma-citation="entities:10444:1" rel="noopener">Internet Initiative Japan (3774 JP)</a>  soundly beat expectations for the second straight quarter leading to increases for company guidance, a higher dividend and a 2:1 share split. Consolidated revenue growth of 4% includes slower one-time system integration (SI) and consumer mobile sales which masks accelerating growth in recurring enterprise sales. The latter is broad-based thanks to contributions from mobile, cloud and security services. The upgrade to guidance lends confidence that growth can continue whilst a corresponding increase in the dividend delivers a tangible reward to shareholders. </p>

Internet Initiative Japan (3774 JP)  soundly beat expectations for the second straight quarter leading to increases for company guidance, a higher dividend and a 2:1 share split. Consolidated revenue growth of 4% includes slower one-time system integration (SI) and consumer mobile sales which masks accelerating growth in recurring enterprise sales. The latter is broad-based thanks to contributions from mobile, cloud and security services. The upgrade to guidance lends confidence that growth can continue whilst a corresponding increase in the dividend delivers a tangible reward to shareholders. 

Internet Initiative Japan - Q2 20 Results: Profitability Beat Drives Guidance Upgrade, Dividend Hike