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Alfa Financial Software plc ( (GB:ALFA) ) has shared an update.
Alfa Financial Software Holdings PLC reported strong financial performance for the fiscal year 2024, with operating profits up by 13% and total contract value (TCV) increasing by 34% to £221m. The company saw significant growth in subscription and software revenues, driven by the successful launch of Alfa Systems 6 and a record number of contract wins. The transition to a SaaS model aligns with market trends, and the renaming of revenue streams reflects this strategic shift. The company’s robust delivery capability and diverse pipeline underscore its competitive edge and promising prospects for future growth.
More about Alfa Financial Software plc
Alfa Financial Software Holdings PLC is a prominent developer of mission-critical software systems and services for the global asset and automotive finance industry. Established in 1990, Alfa leverages its agile methodologies and specialized knowledge to provide substantial software implementations and complex business change projects. Its flagship product, Alfa Systems, supports both retail and corporate operations in auto, equipment, wholesale, and dealer finance across multiple jurisdictions, offering a cloud-native, end-to-end solution.
YTD Price Performance: -3.96%
Average Trading Volume: 411,484
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £594.1M
For an in-depth examination of ALFA stock, go to TipRanks’ Stock Analysis page.
