EPS of $0.42 is very strong for the quarter, with a number of big contract wins.
Forecast FY EPS of $1.60 which is a PE of 10 at todays price of $16.00.
Q1 2017 outlook is EPS $0.37 - $0.45.
Note the company also has $100m in cash and no debt.
This year’s performance is at 45% growth in non-GAAP profits per diluted share bolsters our confident in our ability to continue our sustainable growth in 2017
And to underscore the strength of our business model I point out that while we grew revenues at 10%, we increased our non-GAAP net income by 44%, more than four times faster than we grow revenue.
We believe that the strong end to 2016 sets us on course for another growth year in 2017, bolstered by growing demand for our entire product portfolio