SysGroup (GB:SYS) has released an update.
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SysGroup PLC reported a 5% revenue increase to £22.7m for FY24, with a focus on cybersecurity driving the growth. Despite a challenging year marked by a statutory loss before tax and increased net debt, the company has repositioned as a technology partner for SMBs in AI and digital transformation. Significant investments in R&D and strategic partnerships, such as the AWS Advanced Tier Service Partner status, are set to bolster SysGroup’s growth and market position.
For further insights into GB:SYS stock, check out TipRanks’ Stock Analysis page.
