An announcement from Synectics ( (GB:SNX) ) is now available.
Synectics plc reported strong financial results for the fiscal year ending November 30, 2024, with a 13.6% increase in revenue to £55.8 million and a 56.8% rise in underlying operating profit to £4.8 million. The company ended the year with a record cash balance and a robust order book, positioning it for continued growth in 2025. Strategic initiatives, including new AI capabilities and a rebranding effort, are underway to enhance its market positioning. The company is also focusing on expanding into adjacent markets, particularly in gaming and public sectors, to capitalize on growth opportunities.
More about Synectics
Synectics plc is a leader in advanced security and surveillance solutions, specializing in integrating systems, technologies, and data to enhance safety and efficiency. The company is known for its innovation and service, providing solutions that protect people, property, and assets globally.
YTD Price Performance: 2.27%
Average Trading Volume: 40,799
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £60.8M
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