“We expect a benefit next year on FX, although it’s too early to quantify.”

In context

“Roei Golan (CFO): On the FX side, we will likely benefit in the next 12 months from the shekel. We usually hedge our currencies between three to four quarters ahead, so some of that is already hedged for next year. Conversely, the second half of the year will also be hedged. We expect a benefit next year on FX, although it’s too early to quantify. However, we benefited approximately $5 million to $6 million in FX this year relative to last year. As for leverage, we need to see more positive results from existing investments while continuing to invest in future areas. We are already strategically positioned and hoping to see returns on those investments.”