Prophecy International Holdings Ltd (AU:PRO) has released an update.
Prophecy International Holdings Ltd, a business software developer, has reported robust financial growth for Q4 FY24, with an 18.3% increase in revenue to $23.2M and a significant 26.1% rise in contracted annual recurring revenue (ARR) to $28.4M, driven by strategic partnerships and product expansion. The company is on track for a cash-flow positive second half of FY24 and boasts a healthy cash reserve of $11.8M with no debt. Key deals, like the $10.7M contract with Optus for Services Australia, highlight Prophecy’s momentum in providing innovative software solutions in the global market.
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