Active Stocks in the Spotlight: Layne Christensen Company (NASDAQ:LAYN), Guidewire Software (NYSE:GWRE)

Layne Christensen Company (NASDAQ:LAYN), finished its Wednesday’s exchanging session with 6.09% increase, and shut at $6.27.


Layne Christensen Company gives water organization, development, and boring administrations in North America and globally. Its Water Resources section offers water-related items and administrations, numbering hydrologic outline and development; wellspring of supply investigation; well and admission development; and well and pump restoration administrations. This section additionally offers water treatment gear building administrations, giving frameworks to the treatment of directed and aggravation contaminants.

Layne Christensen Company(LAYN) proclaimed budgetary and working results for the monetary 2016 second quarter finished July 31, 2015 (Q2 FY 2016).


On August 17, 2015, Layne sold its Geoconstruction business fragment for aggregate thought of about $43.0 million, which contained an evaluation of the business portion’s working capital at shutting. Money related results for Layne reflect Geoconstruction as suspended operations for both present and chronicled periods.

Incomes declined 4.2% to $176.3 million in Q2 FY 2016 from $184.1 million in Q2 FY 2015, determined principally by lower incomes at Mineral Services and Heavy Civil, incompletely balance by income improves at Water Resources and Inliner.

Water Resources and Inliner kept on posting solid execution while misfortunes contracted at Heavy Civil.

Q2 FY 2016 Results Overview

Incomes for Q2 FY 2016 decreased $7.8 million, or 4.2%, to $176.3 million from $184.1 million in Q2 FY 2015. Lower incomes at Mineral Services, Heavy Civil and Energy Services were mostly balanced by upgrades in Inliner and Water Resources.

Expense of incomes for Q2 FY 2016 decreased $4.0 million, or 2.6%, to $151.2 million from $155.2 million in Q2 FY 2015. As a rate of incomes, these expenses brought to 85.8% up in Q2 FY 2016 from 84.3% in Q2 FY 2015. Expense of incomes in Q2 FY 2016 contained a $7.6 million record of stock as a feature of rebuilding in Africa. Not Taking Into Account the Africa stock record, Q2 FY 2016 expense of incomes was $143.6 million or 81.5% of incomes.

On Wednesday, Guidewire Software Inc (NYSE:GWRE)‘s shares declined – 0.23% to $52.44.

Guidewire Software, Inc. gives programming items to property and loss (P&C) back up plans. It offers a coordinated suite of programming applications that address the center procedures, for example, guaranteeing and approach organization, claims organization, and charging.

Guidewire Software, Inc. (GWRE), announced the foundations of another Regional Development Center in Krakow to help the organization further extend its worldwide operations. The organization additionally proclaimed that the enlistment of Polish designers is in a matter of seconds in progress.

Krakow is Guidewire’s 6th worldwide advancement focus, joining groups in California, Dublin, Pennsylvania, Tokyo and Toronto. Staff at the inside will handle all parts of item advancement from item organization to programming improvement and quality confirmation. They will assemble items for the nearby CEE market as well as for Guidewire clients internationally. The Krakow focus will work with a group structure, and have a particular item center:

Core InsuranceSuite applications, with an expansive land and time-zone scope for discriminating client acceleration;

Advanced applications (computerized usefulness supporting center applications and upgrading client experience) working intently with California and Dublin improvement groups; and “Content” modules for center applications, creating nation or business particular varieties as indicated by protection area need.

Notes to the Stakeholders:

This article is the intellectual property of The purpose of penning down this article has been just to share information. Moreover, it is firmly believed that all the information that are revealed in this article are from reliable sources, however, we do not make any representations or warranties whatsoever of any kind, express or implied, as far as the completeness, accurateness, or reliability with respect to this article is concerned.

All the respectable visitors to this website are kindly advised to conduct their own independent research into individual stocks prior to making a purchase decision.

This article contains an advanced information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as well as statements regarding the forseeable frequent growth of the market for the corporation’s products, the corporation’s capability to fund its capital requirement in the close-to term and in the long term; pricing pressures; etc.

Furthermore, any statement that expresses or involves discussions with respect to forecast, expectations, beliefs, strategy, projection, objectives, aims, assumption, or future events or performance may be forward looking statements. In addition, the forward-looking statements are wholly and solely based upon expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. An easy way to identify the forward looking statements is through the use of such words as be expecting, will, foresee, guess, considered, or by statements that indicates certain actions may, could, should/might occur.


About the Author

Tanya Jones
Tanya is a senior reporter for JBH News Sports & Tech section. She graduated from York College, City University of New York in 2012.