Business
CLD: Despite lower revenue, Cloud Technologies grew profit and expanded internationally with the NDR acquisition
CLD: Despite lower revenue, Cloud Technologies grew profit and expanded internationally with the NDR acquisition
About this update from Cloud Technologies Sa
Revenue declined 19% year-over-year in H1 2024, but adjusted EBITDA and net profit rose, driven by cost control and focus on core data sales. Key risks include partner changes and FX exposure, while the acquisition of Nordic Data Resources supports international growth.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
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