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SOCO Reports 18% Revenue Growth Amid Project Delays and Government Demand Shift

2:30pm on Thursday 6th of February, 2025 AEDT Information Technology
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SOCO Reports 18% Revenue Growth Amid Project Delays and Government Demand Shift

2:30pm on Thursday 6th of February, 2025 AEDT
Key Points
  • Preliminary H1 FY2025 revenue of $11.0 million, up from $9.3 million
  • Strong contract signings of $18 million by October 2024
  • Project commencements delayed, impacting revenue flow
  • Reduced demand from Federal Government clients in late 2024
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