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The latest update is out from Comms Group Ltd. (Australia) ( (AU:CCG) ).
Comms Group Limited announced its FY25 financial results, achieving revenue and EBITDA at the upper end of its guidance range. The company reported a 35% increase in new Annual Recurring Revenue (ARR) sales contracts, totaling $10.4 million, and completed the acquisition of TasmaNet, which is expected to enhance future growth. Despite a slight decline in underlying EBITDA due to increased sales costs, the company anticipates benefits in FY26 and beyond. The integration of TasmaNet is progressing well, and Comms Group is focused on unlocking synergies and accelerating organic growth across its divisions.
More about Comms Group Ltd. (Australia)
Comms Group Limited is a prominent player in the global telecommunications and IT services industry, focusing on providing unified communications solutions. The company is known for its Global & Wholesale Unified Communications business, which is a significant driver of its organic revenue growth.
Average Trading Volume: 434,499
Technical Sentiment Signal: Buy
Current Market Cap: A$31.82M
Learn more about CCG stock on TipRanks’ Stock Analysis page.