Bravura Solutions shares surge on upgraded guidance
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The news: Shares in Bravura Solutions soared in morning trade after the financial services technology business upgraded its earnings guidance.
The numbers: At 11:41am AEST, Bravura rallied 17.39% to $2.97. Over the past 12 months its shares have rocketed 107.96%.
Bravura lifted its expected cash EBITDA from at least $50 million to between $55 million and $65 million.
The company also lifted its revenue to between $265 million and $275 million from the previous guidance that it would be in line with FY25 revenue of $258.7 million.
The context: Bravura said the upgrade is in part due to the strength of the British pound, a higher project revenue particularly from its Wealth solutions customers in the Europe, Middle East, and Africa region and “a continued focus on operational efficiency”.
The source: ASX
