Solowin Holdings Reported Revenue of $2.64M for the Six Months Ended September 30, 2023 Vs $$1.17M YoY, EPS of $0.10 Vs $$0.02 YoY
Portfolio Pulse from Benzinga Newsdesk
Solowin Holdings (SWIN) reported a significant increase in revenue, income from operations, net income, and EPS for the first six months of fiscal year 2024 compared to the same period last year. Revenue rose by 126.4% to $2.64M, income from operations turned positive to $1.34M, net income increased to $1.25M, and EPS improved to $0.10. Cash and cash equivalents also saw a substantial increase.
March 18, 2024 | 12:05 pm
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Solowin Holdings reported a significant increase in revenue, net income, and EPS for the first six months of fiscal year 2024, indicating strong financial performance and growth.
The substantial growth in revenue, net income, and EPS, along with a significant increase in cash reserves, indicates a strong financial performance by Solowin Holdings. This is likely to positively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100