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StreamWIDE ( (FR:ALSTW) ) has shared an announcement.
StreamWIDE reported a revenue growth of 8% for the fiscal year 2024, reaching €21.0 million. This growth was primarily driven by the ‘Platforms’ business, which generated €14.7 million, and a significant 21% growth in the ‘Legacy’ business. The company expanded its projects in Europe and the Middle East, diversifying into the corporate private market. Despite a decline in service revenue, recurring maintenance revenue showed positive trends, indicating continued growth potential. The ‘Legacy’ segment’s notable growth was attributed to a major platform upgrade for a European client, although this was a non-recurring operation.
More about StreamWIDE
StreamWIDE is a company specializing in critical business and mission-critical communications software solutions. Their product offerings focus on platforms for communications including ‘team on mission’ and ‘team on the run’, with a market focus that includes both public safety and corporate private sectors.
YTD Price Performance: 7.57%
Average Trading Volume: 50
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €90.55M
Find detailed analytics on ALSTW stock on TipRanks’ Stock Analysis page.
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