California Software Company Announces Q2 FY25 Financial Results, PAT Surpasses Previous Year's Sales
California Software Company, a microcap IT software company, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, California Software Company has seen a flat performance in the quarter, with a score of -2 compared to 2 in the previous 3 months. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the nine-month period is higher at Rs 0.40 Cr compared to the previous 12-month period of Rs 0.02 Cr. This indicates that the company has already surpassed its sales from the previous year in just nine months.
On the other hand, there are some areas of concern for California Software Company. The Operating Cash Flow for the year is at its lowest at Rs -1.96 Cr and has been falling each year for the past three years. This suggests that the company’s cash revenues from business operations are declining.
Despite the mixed financial results, California Software Company remains a microcap player in the IT software industry. Investors and experts have not shown any particular interest in the company’s stock, and MarketsMOJO has given a ‘Sell’ call for it. It will be interesting to see how the company performs in the upcoming quarters and if it can turn its financials around.
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