SECTB cloud recurring revenue tops SEK 1 billion; profit rises
SECTB said net sales grew 25.8% year-over-year, driven by a 75.3% increase in cloud recurring revenue. Operating profit rose 60.9%, while operating cash flow declined on higher receivables.
Net sales grew 25.8% year-over-year, driven by a 75.3% surge in cloud recurring revenue and strong performance in Imaging IT Solutions.
Operating profit rose 60.9%, while cash flow from operations declined due to increased receivables.
Major cloud deployments and AI investments support long-term gr…