Bravura Solutions says strong demand boosts revenue by 15%

Company News

by Anna Napoli

Bravura Solutions (ASX:BVS) has reported a 27 per cent increase in net profit (NPAT) to $27 million for the 2018 full year.

The software solution company’s revenue lifted 15 per cent on the previous year to $222 million.

In more good news for the company, its earnings before interest and tax (EBITDA) lifted over 18 per cent on the prior year, to almost $39 million.

The company declared a final unfranked dividend of 4.5 cents.

Bravura says its seen robust demand from both existing and new clients resulting in strong revenue growth.

The market has reacted strongly to the results, shares in Bravura (ASX:BVS) are trading 15 per cent higher to $4.14 following the announcement.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.