Atturra's Strong H1 FY24 Performance

Atturra Limited (ASX: $ATA) has reported unaudited revenue in the range of $108m-$112m for the half year ended 31 December 2023, marking a significant increase of more than 30% compared to the prior corresponding period. The company also anticipates unaudited consolidated revenue to exceed $235m for the full year, with underlying EBITDA expected to surpass $25m. These positive results reflect Atturra's strong performance and growth trajectory.

CEO Stephen Kowal's Perspective

Atturra's CEO, Stephen Kowal, expressed satisfaction with the company's strong start in H1 FY24, citing the significant revenue and underlying EBITDA numbers. Kowal highlighted the successful addition of volume to the managed services business, supporting Atturra's ambition to become Australia's leading sovereign end-to-end IT solutions provider. He acknowledged the impact of one-off costs from M&A activities on EBIT and emphasized the return to more normal trading patterns in the Canberra market. Kowal also expressed optimism about the future, anticipating improved trading conditions in Canberra and the company's well-positioned position to benefit from sovereign procurement.

Atturra's Outlook and Future Prospects

Atturra's strong H1 FY24 performance, with unaudited revenue and underlying EBITDA growth, positions the company well to achieve its full year forecast. The expected record revenue for H1 FY24 and the reiteration of full year guidance demonstrate the company's confidence in its growth trajectory. The CEO's positive outlook on the Canberra market and the anticipation of improved trading conditions bode well for Atturra's future prospects. With a focus on becoming Australia's leading sovereign end-to-end IT solutions provider, Atturra's strategic ambitions align with its strong financial performance, reflecting a promising outlook for the company's continued growth and success.