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Ingenta ( (GB:ING) ) has shared an update.
Ingenta plc reported a 5.6% decrease in revenue for 2024, primarily due to a slowdown in non-recurring consultancy services. However, the company maintained a strong balance sheet with increased cash flows and no debt, and over 80% of its revenue came from recurring fees. The company is focusing on transitioning to a Software as a Service model, with significant investments in sales and marketing to drive future growth. Despite the revenue decline, Ingenta secured new contracts and anticipates a return to revenue growth in 2025, although profitability may be impacted by increased costs associated with new software deployments.
More about Ingenta
Ingenta plc is a leading software and services provider to the publishing and media industries. The company specializes in modular publishing management systems and digital content solutions, catering to a wide range of media businesses, including print, digital, music, television, and film. Ingenta’s products are designed to be flexible and adaptable, making them suitable for both small and large customers, and focus on intellectual property management, digital content delivery, and monetization.
YTD Price Performance: -29.66%
Average Trading Volume: 17,453
Technical Sentiment Signal: Buy
Current Market Cap: £7.4M
For an in-depth examination of ING stock, go to TipRanks’ Stock Analysis page.