Witbe SA (FR:ALWIT) has released an update.
Witbe SA reports a steady revenue of €10.4 million for the first half of 2024, marking a modest 2% growth, with a standout performance in the Americas zone where revenue increased by 3%. Despite a challenging economic context and a shift towards hybrid cloud models among major clients, the company maintained solid performance with €6.3 million in annual recurring revenue from cloud and maintenance services. Growth in the Americas and a significant revenue jump in Asia demonstrate Witbe’s successful international expansion and robust sales strategy.
For further insights into FR:ALWIT stock, check out TipRanks’ Stock Analysis page.
