UK's Triad Group revenue rises on new and existing contracts
UK's Triad Group revenue rises on new and existing contracts
Overview
UK IT consultancy's revenue rose 16% yr/yr, driven by new and existing contracts
Gross margin fell to 27.1% from 28.6% due to higher employer national insurance costs
Board proposed final dividend of 6p per share, up from 4p last year
Outlook
Company says new financial year has started well and secured work is above prior years
Triad expects continued growth in cash to support healthy dividend distributions
Company remains confident in prospects to win more work in core and emerging markets
Result Drivers
CONTRACT WINS AND EXTENSIONS - New contracts and extensions, including with the Met Office, OPSS, and FCDO, drove revenue growth
PERMANENT CONSULTANT GROWTH - Increased headcount of permanent consultants supported delivery and revenue growth
GROSS MARGIN PRESSURE - Higher employer national insurance contributions reduced gross margin, partially offset by reduced contractor use
Company press release: ID:nRSV0967Ja
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| GBP 24.80 mln |
|
FY Net Income |
| GBP 1.70 mln |
|
FY Gross Margin |
| 27.10% |
|
FY Basic EPS |
| GBP 0.10 |
|
FY Gross Profit |
| GBP 6.70 mln |
|
FY Pretax Profit |
| GBP 1.90 mln |
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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.)