Rosslyn Data Technologies Strengthens Market Position with Key Wins and AI Launch

Rosslyn Data Technologies ( (GB:RDT) ) has issued an announcement.

Rosslyn Data Technologies reported improved financial performance in the six months ending October 2024, with increased revenue, improved gross margin, and reduced expenses. The company secured significant contracts with a major global technology company and a leading consulting firm, enhancing its market position. Furthermore, Rosslyn launched its AI-powered classification solution, AiCE, which is expected to drive future growth. The successful fundraising has strengthened the company’s financial position, allowing for expanded sales and marketing efforts.

More about Rosslyn Data Technologies

Rosslyn Data Technologies is a provider of a cloud-based enterprise spend intelligence platform. Their platform assists organizations with diverse supply chains in mitigating risks and making strategic decisions by leveraging automated workflows, artificial intelligence, and machine learning to analyze procurement data. This helps in providing visibility of complex supplier data and delivering rapid ROI solutions.

YTD Price Performance: 1.05%

Average Trading Volume: 180,147

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £3.55M

See more data about RDT stock on TipRanks’ Stock Analysis page.