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Idox plc Achieves Strong Financial Growth in FY24

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Idox plc Achieves Strong Financial Growth in FY24

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Idox plc ( (GB:IDOX) ) has shared an update.

Idox plc reported a strong financial performance for the fiscal year ending October 31, 2024, with a 20% growth in revenue driven by the Land, Property & Public Protection division. The company saw an increase in recurring revenue and adjusted EBITDA, alongside a significant improvement in cash generation. With a strategic focus on acquisitions and enhanced geospatial capabilities, Idox is well-positioned for future growth opportunities. The company also made significant board appointments to bolster its operational and strategic capabilities.

More about Idox plc

Idox plc is a leading supplier of specialist information management software and geospatial data solutions primarily serving the public and asset-intensive sectors.

YTD Price Performance: -1.25%

Average Trading Volume: 500,773

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £293.7M

Find detailed analytics on IDOX stock on TipRanks’ Stock Analysis page.

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