Gentrack Group Ltd Reports Strong FY24 Revenue Growth and Expansion

The latest update is out from Gentrack Group Ltd ( (AU:GTK) ).

Gentrack Group Ltd reported strong revenue growth for FY24, with a 25.5% increase to $213.2 million, driven by customer innovations and new wins in Saudi Arabia and the Philippines. The company’s Airports Division, Veovo, also saw significant progress with new contracts, contributing to a robust recurring revenue base. Gentrack aims to continue expanding in existing and new markets, leveraging its leadership in utility transformation and airport digitization.

More about Gentrack Group Ltd

Gentrack Group Ltd operates in the utilities sector, focusing on energy, water, and airports. The company offers innovative solutions such as g2.0, an end-to-end product-to-profit solution, in partnership with Salesforce and AWS. Gentrack supports over 60 energy and water companies globally, helping them meet business and sustainability targets through modernisation and transformation.

YTD Price Performance: -9.58%

Average Trading Volume: 129,103

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$1.14B

For detailed information about GTK stock, go to TipRanks’ Stock Analysis page.