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Dye & Durham ( (TSE:DND) ) has issued an announcement.
Dye & Durham reported a 10% increase in revenue to $121 million for Q2 FY2025, aligning with its guidance. The company observed a 36% rise in Annual Recurring Revenue, now constituting 34% of total revenue. With a strategic focus on organic growth and market-leading innovation, Dye & Durham aims to improve customer satisfaction and financial performance. Despite a net loss of $17.6 million, the company remains optimistic about achieving sustainable growth. The board declared a dividend of $0.01875 per share, payable on February 27, 2025.
More about Dye & Durham
Dye & Durham is one of the world’s largest providers of cloud-based legal practice management software, focusing on delivering productivity-boosting software solutions and due diligence search services. The company is shifting its strategy towards organic growth through product innovation and enhanced customer support.
YTD Price Performance: -18.87%
Average Trading Volume: 150,953
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$970.5M
Learn more about DND stock on TipRanks’ Stock Analysis page.
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