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Idox plc Reports Strong Start to FY25 with Positive Trading Update

Story Highlights
  • Idox plc is a key provider of software and data solutions for public and asset sectors.
  • Idox reports a positive start to FY25, aligning with revenue and EBITDA expectations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Idox plc ( (GB:IDOX) ) has issued an update.

Idox plc has reported a positive start to the current financial year, with trading aligning with the Board’s expectations for increased revenue and adjusted EBITDA, alongside a reduction in net debt for FY25. The company has secured new contracts and extensions across all business areas, bolstering confidence in future growth. The firm’s strong financial resources position it well for potential acquisitions, while its focus on high-quality recurring revenue and repeatable services supports its growth strategy amidst economic uncertainties.

More about Idox plc

Idox plc is a leading provider of specialist information management software and geospatial data solutions, catering primarily to the public and asset-intensive sectors.

YTD Price Performance: -9.38%

Average Trading Volume: 631,393

Technical Sentiment Signal: Buy

Current Market Cap: £264.5M

See more data about IDOX stock on TipRanks’ Stock Analysis page.

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