Strong US and EMEA demand lifts Qt Group's Q2 revenue, stock surges 26.7%

yle.fi (Iloko)

Finnish software company Qt Group's stock surged up to 26.7% in trading Thursday after reporting strong Q2 results, with revenue rising 19.6% year-on-year to €61.3 million. Operating profit was €9.3 million, down from €11.6 million a year earlier, when revenue stood at €51.2 million. Restructuring costs of €4.3 million weighed on the quarter, but the company expects cost savings to improve profitability in the second half. Qt cited strong customer retention in the US and EMEA. In April, it launched change negotiations threatening 80 jobs; those consultations concluded in early June.


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Strong US and EMEA demand lifts Qt Group's Q2 revenue, stock surges 26.7% | News Minimalist