Redcentric (GB:RCN) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Redcentric PLC reports a robust financial performance for FY24, with a total revenue increase of 15.2% to £163.2m and recurring revenue up by 16.1%, comprising 91.4% of total revenue. Adjusted EBITDA rose by 15.6% to £28.3m, and a significant reduction in reported loss before tax was achieved. The company’s CEO, Peter Brotherton, has announced his retirement, following a year marked by successful integration programs and cost-saving measures, setting the stage for sustained growth.
For further insights into GB:RCN stock, check out TipRanks’ Stock Analysis page.
