Shift Inc

Shift: Strong Earnings Momentum to Continue with Expanding Software Testing into Metaverse Market

Equity Bottom-Up
128 Views, 19 Jan 2022 17:17
EXECUTIVE SUMMARY
  • Shift reported its 1QFY08/2022 results last week. Revenue for the quarter increased 51.5% YoY to JPY14.3bn while OP more than tripled to JPY1.95bn vs JPY548m a year ago.
  • Both Enterprise and Entertainment segments saw strong growth in revenue as well as improvement in GPM during the period.
  • Shift’s share price gained 7.4% following its earnings announcement and we expect the company's strong earnings momentum to continue over the next few years.
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Shifara Samsudeen, ACMA, CGMA
Equity Analyst
LightStream Research
JapanIndustrialsEquity Bottom-UpEquity Capital Markets

A chartered management accountant with more than 10 years of rich experience in investment research and financial analys... 

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