This is one of the slides from the recent Jefferies webcast. It’s notable that 53% of CUB’s sales now come from services, which are relatively high-margin and are generally more predictable than product sales.
The UK comprised about half of the ex-US sales in FY2010 due to the large contract for the London subway system.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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