UK's Elixirr H1 revenue rises on AI demand
UK's Elixirr H1 revenue rises on AI demand
Overview
UK consulting firm's H1 26 revenue grew 25% yr/yr, adjusted EBITDA up 29%
Adjusted EBITDA margin improved to 31%, driven by demand for AI-related services
Company appointed Canaccord Genuity as joint corporate broker to support US expansion
Outlook
Company expects demand for AI consulting services to continue to accelerate
Elixirr says it is well positioned to benefit from expanding AI-related market opportunities
Result Drivers
AI-RELATED REVENUE - Co said further significant growth in AI-related revenue supported H1 26 results
CLIENT AI DEPLOYMENTS - Co said it is supporting clients as they move from experimentation to scaled deployment of AI, including launching AI-native businesses
TECHNOLOGY SERVICES DEMAND - Co cited strong demand for commercial transformation and technology services
Company press release: ID:nRSC8630Oa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 89 mln |
|
H1 Adjusted EBITDA |
| GBP 27.60 mln |
|
H1 Adjusted EBITDA Margin |
| 31.00% |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy."
Wall Street's median 12-month price target for Elixirr International PLC is GBp1,080.00, about 74.2% above its July 31 closing price of GBp620.00
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)