Infomedia (ASX: IFM) pursuing M&A and global expansion opportunities to drive revenue growth.

Fri 24 Nov 23, 08:36 AM | Team Kalkine

Image source: © Tashatuvango | Megapixl.com

Highlights

Infomedia Limited (ASX: IFM) is an ASX-listed company which provides Desktop as a Service (DaaS) and Software as a Service (SaaS) solutions across the world, that assist in empowering the data-driven automotive ecosystem. The solutions offered by IFM help in managing the customer and vehicle lifecycle.

The AUD 569.31 million market cap company recorded double-digit growth in underlying cash EBITDA, recurring revenue and net profit after tax in the financial year 2023 (FY23). From the last 12 years, the company has continuously delivered revenue growth and for the past six years, it is registering growth in recurring revenue.

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