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Soco Corporation Ltd ( (AU:SOC) ) has provided an update.
SOCO Corporation Ltd reported a revenue increase of 3.6% to $21.3 million for FY25, marking a return to profitability with a net profit after tax of $0.07 million. Despite facing challenges such as procurement delays and pre-election caution affecting government-focused regions, the company improved its gross margin to 24.2% and maintained positive cash conversion. SOCO is actively rebalancing its client portfolio towards corporate and state government sectors and investing in emerging capabilities and systems to enhance performance visibility. These strategic initiatives, along with improved tender win rates and new key customers, position the company for a positive outlook in FY26.
More about Soco Corporation Ltd
SOCO Corporation Ltd is a leading Australian information technology services consultancy. The company focuses on providing IT solutions and services across various sectors, with a significant emphasis on corporate and state government clients. It operates in major Australian cities including Brisbane, Sydney, Melbourne, Canberra, and Perth.
Average Trading Volume: 50,400
Technical Sentiment Signal: Hold
For detailed information about SOC stock, go to TipRanks’ Stock Analysis page.