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An announcement from Orcoda Limited ( (AU:ODA) ) is now available.
In the first half of FY25, Orcoda Limited reported robust SaaS revenue growth in its Transport Technology division, driven by increased sales in transport software solutions and successful contract implementations. Despite achieving a 56% increase in SaaS revenue and securing multiple new contracts, the company faced challenges in its Infrastructure Services division due to deferred projects from its largest customer, leading to a 54% revenue decline. Orcoda’s total income and EBITDA have decreased compared to the previous corresponding period, though cash flow remains positive, and strategic efforts are underway to diversify customer reliance.
More about Orcoda Limited
Orcoda Limited is a company operating in the transport technology and infrastructure services industries. It specializes in SaaS transport software solutions, fleet management, and telematics through its Transport Technology division, and provides infrastructure services via the Betta Group. The company focuses on enhancing operational efficiencies and expanding its market presence in these sectors.
YTD Price Performance: 4.17%
Average Trading Volume: 59,551
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$21.33M
See more insights into ODA stock on TipRanks’ Stock Analysis page.
