Soco Corporation Ltd (AU:SOC) has released an update.
SOCO Corporation Ltd reported a 30% revenue growth expectation for FY2025, despite recent challenges including a drop in profit and project delays. The company highlights the successful acquisition of AxSym, which has expanded its client base and capabilities, contributing to a profitable fourth quarter. SOCO’s strategic focus is on enhancing its technology offerings, particularly in Microsoft’s Generative AI, and expanding its market presence in Queensland, NSW, and Western Australia.
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