AsiaInfo Technologies (HKG:1675) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥6.65b (down 16% from FY 2023).
- Net income: CN¥544.9m (up 2.2% from FY 2023).
- Profit margin: 8.2% (up from 6.8% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.60 (up from CN¥0.58 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AsiaInfo Technologies Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 3.3%.
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Hong Kong.
Performance of the Hong Kong Software industry.
The company's shares are up 5.1% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for AsiaInfo Technologies you should be aware of, and 1 of them is a bit concerning.
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