Atturra First Half 2023 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

February 25, 2023

Atturra (ASX:ATA) First Half 2023 Results

Key Financial Results

Revenue: AU$82.8m (up 34% from 1H 2022).
Net income: AU$4.33m (up 46% from 1H 2022).
Profit margin: 5.2% (up from 4.8% in 1H 2022). The increase in margin was driven by higher revenue.
EPS: AU$0.021 (up from AU$0.02 in 1H 2022).

earnings-and-revenue-growth — ASX:ATA Earnings and Revenue Growth February 25th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Atturra Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 9.6%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in Australia.

Performance of the Australian IT industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Atturra that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.