CRI Middleware Full Year 2024 Earnings: Beats Expectations

CRI Middleware (TSE:3698) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥3.17b (up 5.9% from FY 2023).
• Net income: JP¥304.0m (up 31% from FY 2023).
• Profit margin: 9.6% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: JP¥58.18 (up from JP¥43.67 in FY 2023).

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

CRI Middleware Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan.

Performance of the Japanese Software industry.

The company's shares are up 5.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for CRI Middleware that you should be aware of.

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