NewsHK
HONG KONG — A first-ever positive operating margin at Nixxy Inc.
may matter more to markets than the headline revenue beat, signalling that the Nasdaq-listed software company has crossed a threshold that separates survivors from casualties in the current rate environment.
The San Francisco-based firm posted second-quarter revenue of $42 million, a 38% jump from the same period a year earlier and well ahead of the $36 million Wall Street had pencilled in.
Management followed the print by lifting full-year guidance to a range of $160 million to $170 million, implying that momentum is not fading as the calendar turns toward the second half.
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