Shift Inc Watchlist
Shift: Strong Earnings Momentum to Continue with Expanding Software Testing into Metaverse Market
128 Views, 19 Jan 2022 17:17
- 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.