Eleco (GB:ELCO) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Eleco plc, a specialist software provider for the built environment, has reported robust interim financial results with a notable 31% increase in Annual Recurring Revenue to £25.8m and a 21% rise in total revenue to £16.3m. Profitability surged with a 30% rise in EBITDA to £3.0m and a 23% increase in profit before taxation to £1.6m. Operational highlights included the strategic acquisition of Vertical Digital, the launch of innovative software solutions, and the achievement of the Great Place to Work certification across qualifying business units.
For further insights into GB:ELCO stock, check out TipRanks’ Stock Analysis page.