Idox plc (GB:IDOX) has released an update.
Idox plc, a specialist in information management software and geospatial data solutions, has reported a robust first-half performance for 2024, with a 20% increase in revenue to approximately £43 million and a significant reduction in net debt by over 50% from the previous fiscal year. The company’s recent acquisition, Emapsite, has been credited for contributing to the revenue growth, and the firm is confident in its strategic mergers and acquisitions pipeline to continue enhancing shareholder value.
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