AdvancedAdvT Ltd. (GB:ADVT) has released an update.
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AdvancedAdvT Limited reported a robust financial performance for the six months ending August 31, 2024, with a 31% jump in revenue to £19.9 million and a 147% surge in pre-tax profits to £8.3 million. The company, which focuses on software solutions for business and compliance, also saw a significant growth in recurring revenue, now representing 80% of total revenues, and successfully acquired Celaton, an AI-based process automation provider. These results underscore AdvancedAdvT’s strategic focus on digital transformation and AI, positioning it for continued growth and expansion in adjacent markets.
For further insights into GB:ADVT stock, check out TipRanks’ Stock Analysis page.
