Softchoice (TSE:SFTC) stands out in the tech market as a profitable venture, despite the ongoing trend of speculative investing in tech stocks. The company's year-on-year earnings per share (EPS) saw an impressive 73% increase from US$0.28 to US$0.48. This surge was accompanied by a 2.9 percentage point improvement in EBIT margins, now standing at 6.9%.
However, this financial success was not mirrored in the company's revenue, which experienced a decrease of 7.2%. Despite this dip, analysts' forecasts suggest promising future profits for the company, providing guidance for potential investment decisions.
Adding to Softchoice's attractiveness to investors is the substantial insider ownership within the company. Shares worth US$57 million are held by insiders, making up 5.4% of the firm. This significant stake indicates a high level of alignment between the company's management and its shareholders, further strengthening investor confidence in Softchoice's future performance.
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