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An update from Comms Group Ltd. (Australia) ( (AU:CCG) ) is now available.
Comms Group Limited reported a strong first quarter for FY26, with a 41.6% increase in group revenue to $19.4 million, driven by contributions from its recent acquisition, TasmaNet. The company is on track to meet its annual revenue and EBITDA targets, supported by significant new sales wins and ongoing integration efforts. The transition of TasmaNet into Comms Group is progressing well, with customer migrations and supplier novations completed, and a network rationalization project underway to save costs. The company’s recent certification as a Cisco Webex Certified Calling Partner positions it as a leading provider in the Asia Pacific region, enhancing its industry positioning and offering growth opportunities.
More about Comms Group Ltd. (Australia)
Comms Group Limited is an Australian company operating in the telecommunications industry, providing services such as cloud communications, secure managed IT solutions, and global wholesale communication services. The company focuses on expanding its market presence through strategic acquisitions, such as TasmaNet, and partnerships, including a recent certification as a Cisco Webex Certified Calling Partner.
Average Trading Volume: 495,771
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$35.23M
For detailed information about CCG stock, go to TipRanks’ Stock Analysis page.