Vercom Announces First Quarter 2024 Earnings

Vercom (GPW:VRC) results for the first quarter of 2024

Key financial results

• Revenues: PLN 104.6 million (an increase of 40% compared to the first quarter of 2023).
• Net profit: PLN 16.5 million (an increase of 73% compared to the first quarter of 2023).
• Profit margin: 16% (up from 13% in Q1 2023). The increase in margin resulted from higher revenues.

All data shown in the chart above is for a 12-month (TTM) period.

Vercom earnings statistics

Looking ahead, revenues are forecast to grow by an average of 14% annually over the next 3 years, compared to a growth forecast for the software industry in Poland of 8.4%.

Efficiency Polish software industry.

The company’s shares increased by 11% compared to the week.

Quotation

Our analysis of these results suggests that Vercom may be overvalued based on 6 important criteria we analyze. Click here to read our comprehensive analysis and gain insight into the stock’s investment prospects.

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