Sidetrade SA (FR:ALBFR) has released an update.
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Sidetrade SA reports a robust first half of 2024, with a 19% increase in revenue and a notable 64% surge in net profit, signifying strong growth and profitability. The company’s bookings hit an all-time high, with a 25% rise in New Annual Contract Value (ACV), reflecting a near-equal balance between North American and European markets. Despite higher investments, particularly in AI, Sidetrade maintains a solid operating margin and is well-positioned to pursue its strategic priorities in the Order-to-Cash application sector.
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