Brief: Sinch Gross Profit Rises 3% Year-On-Year
07/05/2024 06:39
May 7 (Reuters) - Sinch AB (publ) SINCH.ST :
* GROSS PROFIT INCREASED 3 PERCENT YEAR-ON-YEAR IN CONSTANT
CURRENCIES
* IMPACTS OF GEOPOLITICAL UNCERTAINTY AND CHANGES IN
MACROECONOMIC
ENVIRONMENT ARE EXPECTED TO PERSIST IN 2024
* AS REGARDS UKRAINE AND RUSSIA, EXPOSURE IS LIMITED TO
LESS THAN
1 PERCENT OF ANNUALIZED GROSS PROFIT
* APAC IS PERFORMING WELL WITH HEALTHY GROWTH DRIVEN BY
INDIA AND
AUSTRALIA
* IN EMEA WE ARE RECORDING GROWTH IN BOTH APPLICATIONS AND
NETWORK
CONNECTIVITY, BUT NEED TO IMPROVE THE PERFORMANCE OF OUR API
PLATFORM
* AMERICAS SHOW HEALTHY GROWTH IN API PLATFORM AND
APPLICATIONS
OFFERING,, BUT WE REPORT SIGNIFICANT DECLINE IN NETWORK
CONNECTIVITY
Source text for Eikon: ID:nWkr139c60
Further company coverage: SINCH.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))