Macquire (ASX: MAQ) expects to see EBITDA growth for 10th consecutive year in FY24

Fri 06 Oct 23, 03:05 PM | Team Kalkine

Image source: © Aprescindere | Megapixl.com

Highlights

Macquire Technology is a software and services company which caters to mid-to-large business and government clients by offering cloud, data centre, telecom and cyber security services.

Financial year 2023 marks the ninth consecutive year of EBITDA growth for MAQ

MAQ forecasts to report EBITDA growth amid continued demand for cloud and cyber security services in FY24.

Macquarie Technology Group Limited (ASX: MAQ) offers cloud, data centre, telecom and cyber security services to mid-to-large government and business clients. The ASX-listed software and services company reported its ninth consecutive year of EBITDA growth in FY23.

During the stated period, the EBITDA stood at AUD 103.1 million, and revenue grew to AUD 345.1 million, up by almost 16.6% and 11.6$, respectively over the previous corresponding period. Meanwhile, customer receipts increased by 11.3% yoy to AUD 371.8 million.

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