Gentrack Group Ltd (AU:GTK) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Gentrack Group Ltd experienced robust revenue growth of 25.5% in the fiscal year 2024, driven by its expansion in the utilities and airport sectors, marking significant gains in the UK and the Middle East. Despite a slightly lower net profit after tax and no dividend payout, the company continues to invest in strategic R&D and international expansion, maintaining a strong cash position with $66.7 million. Gentrack’s focus on innovation and customer transformation has fueled a 104% increase in non-recurring revenues, with promising future growth opportunities in new markets.
For further insights into AU:GTK stock, check out TipRanks’ Stock Analysis page.