JSE-listed technology company, PBT, has reported record revenue for the 2023 financial year.
- The company’s revenue increased by 24% to R1.3 billion (approximately $89 million), driven by strong demand for cloud services.
- PBT’s cloud services division saw particularly strong growth, with revenue increasing by 47%.
- The company also reported a 33% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA).
- PBT’s management team attributed the positive results to the company’s focus on innovation and customer service.
- The company is continuing to invest in its cloud services and other technology offerings to meet the evolving needs of its clients.
- PBT is also expanding its presence in other African markets, including Nigeria and Kenya.
- The company’s management team expressed confidence in its ability to continue delivering strong results in the future.