Renewed strategic focus results in record revenue for Cirrus
Cirrus delivered its highest H1 consolidated revenue on record of $56.7m, as the positive impacts continued from 1H22 restructure and renewed strategic focus on services. The result represented a 27% increase year on year. The strong revenue was generated whilst also delivering a record backlog (customer orders contracted but not delivered or recognised) carrying into 2H23 of $16.2m up from $12.1m at 30 June, and $9.3m from the
prior year comparative.
1Record revenues continue to be earned from the Company’s high quality economically robust client base, with the largest sectors Government 49% of 1H23 revenues and major Global and Australian Resources companies representing 20%. Read More Here