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The latest update is out from Eckoh plc ( (GB:ECK) ).
Eckoh plc reported a decrease in revenue and profit for the first half of the fiscal year 2025, attributed to the strategic shift towards cloud-based services and elongated sales cycles in North America. Despite these challenges, the company experienced growth in its North American segment and secured significant new contracts post-period, highlighting strong prospects for the second half. Moreover, Eckoh is positioned to benefit from increased regulatory demands in data security, with a strategic focus on expanding cloud services and capitalizing on AI opportunities. The company is also in the process of being acquired by Eagle UK Bidco Limited, which could affect its future operations.
More about Eckoh plc
Eckoh plc is a global provider specializing in Customer Engagement Data Security Solutions. The company focuses on transitioning clients to a cloud-based SaaS solution model, with significant revenue from North America, which now accounts for over half of its total revenue.
YTD Price Performance: 39.28%
Average Trading Volume: 2,646,072
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £154.3M
Learn more about ECK stock on TipRanks’ Stock Analysis page.
