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Soco Corporation Ltd ( (AU:SOC) ) has issued an announcement.
SOCO Corporation Ltd announced its preliminary unaudited first-half FY2025 revenue of $11.0 million, an increase from $9.3 million in the previous year. Despite strong contract signings, some project delays and reduced demand from Federal Government clients have impacted operations. The company is actively diversifying its client base, particularly in Victoria and Queensland, and forecasts full-year FY2025 revenue to be between $22.0 million and $24.0 million, which is lower than earlier expectations but higher than last year’s revenue.
More about Soco Corporation Ltd
SOCO Corporation Ltd is a sovereign Australian IT consultancy known for solving business problems through the application and modernization of IT systems, delivering digitally transformational outcomes. The company utilizes a 4D methodology (Discover, Design, Deliver, Drive) to ensure client-focused solutions, targeting markets including federal, local, and state government, as well as large corporates.
YTD Price Performance: 13.64%
Average Trading Volume: 113,174
Technical Sentiment Consensus Rating: Hold
Learn more about SOC stock on TipRanks’ Stock Analysis page.
