SpiderPlus & Co. (JP:4192) has released an update.
SpiderPlus & Co. anticipates a significant increase in digital transformation demand following new regulations and rising industry costs, contributing to a notable improvement in their financial performance for Q3 FY2024. The company’s annual recurring revenue reached 4.2 billion yen, marking a 28% increase quarter-over-quarter, and operating losses have been halved. Looking forward, SpiderPlus & Co. projects continued growth with year-end ARR expected to reach up to 4.7 billion yen.
For further insights into JP:4192 stock, check out TipRanks’ Stock Analysis page.
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