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Atturra Limited ( (AU:ATA) ) just unveiled an announcement.
Atturra has received a notice of immediate termination for a fixed-term contract with an Australian public sector client, which the company considers a wrongful termination and intends to legally dispute. The loss of this contract, which was due to run until November 2026, has prompted Atturra to cut its FY26 revenue guidance to between $364 million and $374 million and underlying EBITDA guidance to $30 million–$31 million, with most of the impact expected in the first half of FY26 before a return to more normal earnings in the second half, underscoring management’s view that the setback is a one-off with no lasting impact on the balance sheet or long-term outlook.
The most recent analyst rating on (AU:ATA) stock is a Buy with a A$1.20 price target. To see the full list of analyst forecasts on Atturra Limited stock, see the AU:ATA Stock Forecast page.
More about Atturra Limited
Atturra Limited is an ASX-listed technology services company that designs, implements and maintains IT solutions, offering enterprise advisory, consulting and IT services. It focuses on sectors including local government, utilities, education, defence, federal government, financial services and manufacturing, and partners with major global vendors such as Boomi, Cisco, HP, HPE, Infor, Microsoft, OpenText, SAP, Snowflake and others to serve large public and private sector clients in Australia.
Average Trading Volume: 128,383
Technical Sentiment Signal: Sell
Current Market Cap: A$273.9M
Find detailed analytics on ATA stock on TipRanks’ Stock Analysis page.