Sidetrade SA (FR:ALBFR) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into FR:ALBFR stock, check out TipRanks’ Stock Analysis page.