Stock Analysis

Troy Information Technology Full Year 2023 Earnings: Misses Expectations

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Troy Information Technology (SZSE:300366) Full Year 2023 Results

Key Financial Results

  • Revenue: CN¥1.67b (down 24% from FY 2022).
  • Net loss: CN¥474.5m (loss widened by CN¥435.5m from FY 2022).
  • CN¥0.79 loss per share (further deteriorated from CN¥0.065 loss in FY 2022).
SZSE:300366 Earnings and Revenue Growth April 28th 2024

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

Troy Information Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 35%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's shares are up 8.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Troy Information Technology.

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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.