Text Second Quarter 2024 Earnings: EPS: zł1.51 (vs zł1.54 in 2Q 2023)

Text (WSE:TXT) Second Quarter 2024 Results

Key Financial Results

• Revenue: zł78.8m (up 5.7% from 2Q 2023).
• Net income: zł38.9m (down 1.8% from 2Q 2023).
• Profit margin: 49% (down from 53% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: zł1.51 (down from zł1.54 in 2Q 2023).

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

Text Earnings Insights

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Software industry in Poland.

Performance of the Polish Software industry.

The company's shares are down 3.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Text has 2 warning signs (and 1 which can't be ignored) we think you should know about.

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