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Serko posts 48% income rise despite weaker than expected demand

Travel management software provider responds to ForBarr's 'underperform' rating.

Serko CEO Darrin Grafton.

Will Mace Tue, 28 May 2024
Key points
  • Revenue: Up 48% to $71.2m, meeting guidance.
  • Loss: 48% improvement to $15.9m loss. 
  • Key takeaway: CEO says Serko's key customer risk, and opportunity, is no surprise to investors.

 

Serko is expecting another substantial increase in income over this financial year as its partnership with Booking.com for Business beds in.

The NZX and ASX-listed travel management software provider posted a 48% year-on-year increase in total income when reporting its 2024 financials this

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Will Mace Tue, 28 May 2024
Contact the Writer: william@nbr.co.nz
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Key points
  • Revenue: Up 48% to $71.2m, meeting guidance.
  • Loss: 48% improvement to $15.9m loss. 
  • Key takeaway: CEO says Serko's key customer risk, and opportunity, is no surprise to investors.

 

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Serko posts 48% income rise despite weaker than expected demand
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