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Witbe SA ( (FR:ALWIT) ) has shared an update.
Witbe SA reported a slight decline in its annual revenue for 2024, attributed to a challenging economic and political environment, with a 5% decrease in consolidated revenue. Despite adverse conditions, Witbe achieved growth in the Americas and Asia, highlighting a successful strategy deployment within the GAFAM universe. The shift to a hybrid sales model, including CAPEX-mode investments and a focus on maintenance services, has been pivotal. However, the decline in cloud subscriptions impacted recurring revenue, and the company did not meet its positive operating result target for 2024 due to last-minute client adjustments. Ongoing optimization efforts since 2023 are expected to mitigate these impacts moving forward.
More about Witbe SA
Witbe SA is a leader in the Quality of Experience (QoE) supervision for video services, primarily focusing on providing video service supervision and automated testing solutions. The company operates in the tech and video industry, offering a hybrid model combining hardware and software solutions, including Witbox, software licenses, and cloud hosting services.
YTD Price Performance: 4.55%
Average Trading Volume: 291
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €10.78M
For detailed information about ALWIT stock, go to TipRanks’ Stock Analysis page.
