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HOLI - Hollysys Automation guides FY2021 revenue above consensus
Hollysys Automation Technologies Ltd.
Hollysys Automation Technologies (HOLI) provides an update on its financial outlook for the year ended June 30, 2021. The Company expects to achieve revenue of ~$560M to $595M in FY2021, representing 11% to 18% growth Y/Y, and above consensus of $553.12M.HOLI believes its industrial automation business is expected to increase by more than 30% over prior year.