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The latest announcement is out from StepChange Holdings Ltd. ( (AU:STH) ).
StepChange Holdings Limited has reported a successful first year as a listed company, exceeding financial forecasts with a revenue of $42.5 million and an EBITDA of $4.0 million. The company is strategically positioned to capitalize on the global shift towards cloud-based ERP systems, driven by SAP’s phase-out of on-premise systems. With the establishment of a US subsidiary in Houston and new leadership appointments, StepChange is poised for international expansion and growth, supported by a recent $11 million debt facility to fund potential acquisitions and maintain a capital-light model.
The most recent analyst rating on (AU:STH) stock is a Buy with a A$0.23 price target. To see the full list of analyst forecasts on StepChange Holdings Ltd. stock, see the AU:STH Stock Forecast page.
More about StepChange Holdings Ltd.
StepChange Holdings Limited operates in the global ERP and cloud migration market, focusing on providing ERP solutions and cloud migration services. The company is a specialist in SAP systems, particularly in the transition to S/4HANA cloud solutions, and serves Tier 1 clients in the energy, mining, and government sectors.
Average Trading Volume: 73,878
Technical Sentiment Signal: Strong Buy
For detailed information about STH stock, go to TipRanks’ Stock Analysis page.