ATOSS Software Reports Strong Third Quarter 2024 Results
Key Highlights
*Earnings per share (EPS) increased by 35.2% to €0.73, compared to €0.54 in the third quarter of 2023.
*Revenue grew by 10.5% year-over-year, reaching €47.2 million.
*The company's cloud-based solutions continued to drive growth, with revenue increasing by 25.3%.
Financial Performance
ATOSS Software's financial performance in the third quarter of 2024 was marked by strong growth across key metrics. Revenue increased by 10.5% year-over-year to €47.2 million, driven by continued demand for the company's cloud-based solutions and its focus on international expansion.
The company's cloud-based solutions, which include human capital management (HCM) and enterprise resource planning (ERP) software, continued to be a major growth driver. Revenue from cloud-based solutions increased by 25.3% year-over-year, contributing significantly to the overall growth in total revenue.
ATOSS Software's focus on international expansion also played a role in its strong financial performance. The company continued to expand its presence in key markets such as Europe, the Middle East, and Asia-Pacific, contributing to revenue growth in these regions.
Operational Highlights
Operationally, ATOSS Software continued to make progress in the third quarter of 2024. The company expanded its product portfolio with the launch of new HCM and ERP modules, adding to its comprehensive suite of software solutions.
ATOSS Software also continued to invest in research and development (R&D) to enhance its products and services. The company's commitment to innovation has resulted in the development of new features and functionalities that have been well-received by customers.
Outlook
ATOSS Software is optimistic about the future and expects continued growth in the coming quarters. The company's strong financial performance, expanding product portfolio, and focus on innovation position it well to capitalize on opportunities in the market.
The company remains committed to its long-term growth strategy and expects to continue investing in its cloud-based solutions, international expansion, and R&D initiatives. ATOSS Software believes that these investments will drive future growth and create value for its customers and shareholders.
