VCI Global Sees FY24 Guidance Increased By 65% On A 52-Week Basis; FY23 Revenue Of $19.8M
Portfolio Pulse from Benzinga Newsdesk
VCI Global has increased its FY24 guidance by 65% on a 52-week basis, reporting FY23 revenue of $19.8 million. The company expects a gross margin of approximately 85% and operating income growth of 20% to 23% for FY24.
June 03, 2024 | 12:11 pm
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VCI Global has raised its FY24 guidance by 65% on a 52-week basis, with FY23 revenue reported at $19.8 million. The company anticipates a gross margin of approximately 85% and operating income growth of 20% to 23% for FY24.
The significant increase in FY24 guidance and strong FY23 revenue performance are likely to positively impact VCIG's stock price in the short term. Investors will view the 65% increase in guidance and the expected high gross margin and operating income growth as strong indicators of the company's financial health and future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100