Technology services provider Atturra has forecast record half-year revenue of up to $142 million while flagging potential risks in its federal government business.
The ASX-listed company expects unaudited revenue for the six months to December 2024 to rise between 26 and 28 per cent compared to the same period last year, with underlying earnings before tax reaching between $13.2 million and $13.8 million.
However, the company has identified up to $1.5 million in earnings risk from its federal government work due to ongoing cost cutting and the upcoming election cycle.
The IT solutions provider also revealed its new cloud platform for Boomi integration services has grown rapidly, expanding from two clients in November 2024, to 11 clients currently.
Atturra is currently bidding on three strategic multi-year contracts, which it said would provide significant long-term recurring revenue, although specific value wasn't disclosed.
"Atturra is off to a great start which is demonstrated by our revenue and underlying EBITDA numbers," Stephen Kowal, chief executive officer, said.
Following recent acquisitions of Plan B, Chrome Consulting and ComActivity, Atturra updated its full-year guidance to revenue between $305 million and $320 million, with underlying earnings before tax of $31 million to $34 million.
The company noted that a major project from a recently acquired business would now take 18 months to deliver instead of the initially expected six months, affecting its earnings contribution this financial year.
Atturra will release its detailed half-year results on 26 February 2025.
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