S4 Capital (GB:SFOR) has released an update.
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S4 Capital has reported an 11.7% like-for-like decrease in net revenue for Q1 2024, with a 14.9% overall decline, attributing the downturn to client caution, especially in Technology Services. Despite the revenue dip, the company is maintaining its full-year targets, attributing expected improvements to cost reductions made last year and a traditionally stronger second half. The company continues to focus on margin improvement and has seen significant new business activity, particularly leveraging its AI capabilities.
For further insights into GB:SFOR stock, check out TipRanks’ Stock Analysis page.