Troy Information Technology (SZSE:300366) released its full year 2023 financial results, showing a decline in revenue to CN¥1.67b, down 24% from the previous year. The company also reported a net loss of CN¥474.5m, indicating a widening loss of CN¥435.5m compared to the prior year. Earnings per share (EPS) deteriorated to CN¥0.79 loss from CN¥0.065 loss in FY 2022.
Troy Information Technology’s shares have seen an increase of 8.6% compared to the previous week, despite missing analyst expectations by 35%. The company’s revenue figures were lower than anticipated and EPS also fell short of expectations. However, looking ahead, the company forecasts a 33% annual revenue growth over the next two years, outpacing the industry forecast of 19% growth in the Chinese IT sector.
Despite missing expectations, investors are advised to conduct a risk analysis before making any investment decisions as there may be potential warning signs with the company. Analysts had expected higher revenue figures from Troy Information Technology and EPS also fell short of expectations. However, if you have any feedback or concerns regarding the content provided in this article or any other questions please contact our editorial team at Simply Wall St directly for further assistance.
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Simply Wall St aims to provide unbiased analysis based on fundamental data but it is important for investors to conduct their own research before making any investment decisions as there may be potential warning signs with the company they are interested in investing in.