Shearwater (GB:SWG) has released an update.
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Shearwater Group has secured a significant $12.8 million contract with a leading global mobile telecommunications company, marking a major step in its growth strategy. Despite a slight decrease in profitability, the company showed a resilient financial performance with an increased revenue of £11.3 million for the first half of 2024, and a strong start to the second half with notable contract wins. The recent achievements, along with ongoing AI integration, bolster Shearwater’s position in the cybersecurity market, paving the way for sustainable growth.
For further insights into GB:SWG stock, check out TipRanks’ Stock Analysis page.
