Quartix Technologies Posts Strong Mid-Year Financials

Quartix Holdings (GB:QTX) has released an update.

Quartix Technologies PLC reports a strong financial performance for the first half of 2024, with a 10% increase in group revenue to £16.1 million and a 13% rise in operating profit to £2.7 million, despite the same period’s free cash flow declining by 21%. The company has also seen significant growth in annualized recurring revenue, up by 11%, and is optimistic about exceeding market expectations for the remainder of the year, indicating a robust refocus on their core business and a positive outlook for future growth.

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