Prophecy International Holdings Ltd (AU:PRO) has released an update.
Prophecy International Holdings Ltd has identified data discrepancies in their unaudited contracted annual recurring revenue (ARR) values due to internal system issues, although these do not affect reported revenue or cash flow. The company is implementing a new billing system to enhance data integrity, with emite showing a strong 33% growth in FY24 ARR despite the discrepancies. Prophecy remains optimistic about expanding emite’s market presence and strategic partnerships.
For further insights into AU:PRO stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Adobe Shares (NASDAQ:ADBE) Jump as Company Embraces AI
- Ford Stock (NYSE:F) Falls as Analysts Turn on It
- Intel’s (NASDAQ:INTC) Foundry Flounders as It Outsources More Chips
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
