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Shares of Topicus (TSXV:TOI) climbed 16% to end out the week as the company reported an amazing quarter and full-year results. The software company continues to run a strong streak and climb towards all-time highs.
What happened
Topicus stock continued to impress investors this week as it reported both fourth quarter and full-year 2023 earnings. The tech stock reported revenue was up 17% year over year, reaching €309.7 million in the fourth quarter. Net income also increased to €42.5 million, reaching €0.31 on a diluted per share basis.
Meanwhile, Topicus stock reported a strong year as well, with revenue up 23% compared to 2022 levels. This allowed revenue to reach €1,125 million, compared to €916.7 million in 2022. Net income also came in far higher, reaching €115.4 million or €0.88 on a diluted per share basis. What’s more, free cash flow surged, up 126% year over year to €123.4…
