FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh (AU:FCL) has released an update.
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FINEOS Corporation Holdings PLC has reported a modest revenue increase of 1.5% to €64.4 million and a significant improvement in EBITDA, up 60.2%, while moving towards greater operational efficiency and cloud upgrades. The company has seen a strong performance in its North American Employee Benefits sector, with key client wins like Voya Financial, and has launched a new SaaS version of its New Business & Underwriting product. Despite a slight decline in services revenue and a net loss, FINEOS exhibits a well-funded balance sheet with a growing cash balance and free cash flow.
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