Today shares of Skyfii Ltd [ASX:SKF] have experienced a staggering 22.22% growth in value, all thanks to their effective business structure.
The telecom company has made careful, well thought-out investment decisions to ensure they remain on track regarding their own profit estimates.
And the friends they’re making are also helping to stabilise a strong business platform.
Skyfii currently work with a wide range of clients, including well-known names like Optus, Mirvac and Anytime Fitness.
Working with these company giants has helped Skyfii maintain an accelerated revenue growth, whilst also placing the brand in a strong marketing position.
So exactly what kind of careful, well thought-out decisions are we talking?
Skyfii extended its services beyond retail
Skyfii has utilised its sales and marketing specialisations to integrate its services more broadly.
They were smart enough to take risks, branching out to other sectors.
Instead of focusing on retail, they made the decision to expand into gyms, healthcare, financial services and other divisions that looked more profitable.
On its ASX announcement, Skyfii expected its marketing and sales capability to ‘aggressively grow revenues’ across the global market.
As a result, its US and UK pipelines continued to develop strongly, thanks to Skyfii’s commitment to large deals.
Sales and recurring revenues have also displayed powerful figures since last year.
Thanks to subscriber growth and payment projects, Skyfii were able to turn over a healthy profit from its sales.
Skyfii believe that gaining new customers, while expanding its market innovation, pushed them in the right direction.
Future outlook and full year forecast
Skyfii are confident they will be able to stay on track with their business structure and future operations.
Their primary focus for the final quarter of this year is to maintain cash flow with stable operational costs.
Obviously, Skyfii’s cash position will be heavily monitored, as they are keen to see just how profitable these new business innovations can become.
And by growing its data and marketing services, Skyfii can offer more to potential clients so they may further increase their portfolio.
They want to make sure their loyal supporters are getting the returns they deserve.
They will continue to offer its cloud-based solution services to new and existing customers, while going through measures to expand the brand.
It’s all about balance, and Skyfii have certainly found theirs.
For Money Morning
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