Question-and-Answer Session
Operator
Thank you, sir. (Operator instructions) Our first question is from the line of Satya Kumar with Credit Suisse. Please go ahead.
Vis Vellore – Credit Suisse
Hi, this is Vis Vellore for Satya. Quick question on your second half bookings, you reiterated your last earnings call, commenced that second half bookings will up 10%. So where do you see the strength in this – are you baking in significant stimulus spending in this particular – in this order recovery?
Don Kania
Right. So what we exactly – I think, we actually said the same comment in our last call and in this call that we expect orders have to have to be up around 10% and we did a little better in the Q2 orders than we had guided too. We had guided initially about 135 and we significantly exceeded that, so a little bit of rounding on that overall. But stimulus is a central part of that order growth we have to have a lot of in the US though not exclusively in the US.
Vis Vellore – Credit Suisse
Okay. And then how do you see a kind of the mix of bookings in the September, maybe the December quarters?
Don Kania
Yes, I think what we will see in those quarters in terms of order flow will be strength in Research and Life Sciences and just now we have reminded on the Life Sciences that’s a – we expect that to remain a bit up and down because of the granularity of the orders and we have large, large dollar products and still a relatively small segment of the – growing segment of the company, but that will be the area of focus. We are not making any calls on improvements on Electronics. Again we expect that to be difficult to call quarter-to-quarter, so Research is going to be at the center of the growth for the company’s orders in the latter half of the year.
Vis Vellore – Credit Suisse
Okay. And one last one, you’re being a little bit conservative on revenue guidance, is that because of this push outs that you are kind of seeing for – from this year to next year?
Don Kania
So I wouldn’t call it push outs. I think what we are dealing with here is orders and especially we are seeing a larger fraction of our orders come from outside of the US and there is a tendency for those to have longer delivery times typically based on customer facility requirements. So they’re not really push outs though they are extended delivery times per customer request.
- To read the full transcript on Seeking Alpha, click here »
