Atturra expects FY26 earnings despite lower revenue
- Atturra (ASX:ATA) lowered its FY26 revenue expectations due to accounting changes but kept its earnings guidance intact.
- Following the announcement, the Atturra share price was up 3.57% at $0.87.
- The company is redirecting capital towards organic expansion in artificial intelligence and proprietary technology platforms.
Atturra (ASX:ATA) expects full-year underlying earnings to meet guidance despite reporting lower top-line revenue.
The company lowered its revenue target to between $352 million and $357 million after June contract structures altered how product sales were recorded.
"The technology services market is changing quickly, and Atturra is investing in the areas where we see the strongest long-term opportunities," said Atturra CEO Stephen Kowal.
The technology group also flagged a non-cash goodwill impairment of up to $25 million due to reduced government consulting spend.
Following the announcement, the Atturra share price was up at $0.87.
The business aims to pivot towards organic growth across its data, enterprise software, and managed services units.
Management plans to allocate more than $7 million towards artificial intelligence and education software developments during FY27.
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