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The latest update is out from Microlise Group Holdings Ltd. ( (GB:SAAS) ).
Microlise Group Plc has announced a trading update for FY25, revealing expected revenues below market expectations due to lower order volumes from global OEM customers and project delays in the UK. Despite these challenges, the company anticipates a 4.5% increase in annual recurring revenue and plans to implement cost-saving measures to enhance profitability. The appointment of a new Chief Technology Officer, Dean Garvey-North, aims to drive technological innovation and align with business objectives. The company remains optimistic about its long-term growth prospects, supported by a strong recurring revenue base and a refreshed market strategy.
The most recent analyst rating on (GB:SAAS) stock is a Hold with a £151.00 price target. To see the full list of analyst forecasts on Microlise Group Holdings Ltd. stock, see the GB:SAAS Stock Forecast page.
Spark’s Take on GB:SAAS Stock
According to Spark, TipRanks’ AI Analyst, GB:SAAS is a Neutral.
The overall stock score is primarily influenced by strong financial performance, particularly in revenue growth and cash flow generation. However, technical analysis indicates overbought conditions, and valuation is a concern due to negative earnings. The absence of earnings call and corporate events data means these factors do not impact the score.
To see Spark’s full report on GB:SAAS stock, click here.
More about Microlise Group Holdings Ltd.
Microlise Group Plc is a leading provider of transport and fleet technology solutions aimed at enhancing efficiency, safety, and reducing emissions for transport and logistics operators. Established in 1982, the company serves over 2,500 clients globally and operates from its headquarters in Nottingham, UK, with additional offices in France, Australia, and India. Microlise is listed on the AIM market of the London Stock Exchange and holds the Green Economy Mark.
Average Trading Volume: 251,269
Technical Sentiment Signal: Buy
Current Market Cap: £161.7M
See more data about SAAS stock on TipRanks’ Stock Analysis page.