Soco Corporation Ltd (AU:SOC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
SOCO Corporation Ltd reported a 12% revenue increase following the acquisition of Axsym, despite facing profit challenges due to Federal Government contract pauses. With Sebastian Rizzo confirmed as CEO, the company is focusing on new clients and margin improvement, while reaffirming a 30% revenue growth forecast for FY25. A change in executive incentives and revenue recognition aims to align interests with shareholders and ensure sustained performance.
For further insights into AU:SOC stock, check out TipRanks’ Stock Analysis page.