Despite an unparalleled disruption caused by Covid-19, Getech grew its subscription-based revenues and the order book remained strong. Despite a drop in revenue driven by Getech's customers reducing short-term project service work and related data sales, gross margins were protected by Getech's cost saving measures. Furthermore, the Services division swung back into operating profit. Following the Company's £6.25m equity raise, Getech is well positioned to grow and diversify its activities acros ....
08 Jun 2021
Cenkos: Getech Group Plc -- Delivering Diversified Growth
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Cenkos: Getech Group Plc -- Delivering Diversified Growth
GETECH Group plc (GTC:LON) | 8.2 0 0.0% | Mkt Cap: 5.57m
- Published:
08 Jun 2021 -
Author:
James McCormack | Cavendish Research -
Pages:
7
Despite an unparalleled disruption caused by Covid-19, Getech grew its subscription-based revenues and the order book remained strong. Despite a drop in revenue driven by Getech's customers reducing short-term project service work and related data sales, gross margins were protected by Getech's cost saving measures. Furthermore, the Services division swung back into operating profit. Following the Company's £6.25m equity raise, Getech is well positioned to grow and diversify its activities acros ....