Atturra Limited
(ASX: ATA)Share Price and News
About Atturra
Established in 2015 and headquartered in Sydney, Atturra is a IT services company specialising in advisory and consulting, business applications, cloud services, data and integration, management control solutions, and change management and adoption.
It boasts many client segments including government, education, defence, financial planning and utilities. Many of these are sticky customers that need these services, and also have specific requirements that make them difficult for smaller players to serve.
Specific examples of products include an ePlanning portfal for councils to manage Development Applications (DA Online), a Student Information System (Scholarion) and a cloud platform (named Atturra).
Atturra's strategic partnerships with leading technology providers such as Microsoft, Cisco Meraki, and HPE Aruba enable it to deliver scalable, expert solutions tailored to client needs. The company's commitment to innovation and client-centric services positions it as a trusted advisor in the digital transformation journey of organisations.
Atturra's Company History
Atturra came to be in 2015 as part of a ‘roll up’ of five individual IT services brands. Over the next few years, it completed further acquisitions and rebranded itself before listing on the ASX.
Over the years, these acquired businesses have included Silverdrop, Sabervox, Cirrus Networks, HSD, Somerville, and Extent, expanding its capabilities and market reach.
In December 2024, Atturra raised AU$50 million in equity to support its growth initiatives, including potential acquisitions like The Growth Fund's Plan B operation, which aims to expand its telecommunications offerings in New Zealand.
These strategic moves have positioned Atturra to compete with larger players in the region, leveraging its comprehensive suite of services to cater to a broad range of clients, from airlines to educational institutions and local councils.
Future Outlook of Atturra (ASX: ATA)
Atturra's financial performance indicates a positive trajectory. In the last 3 financial years, it grew revenues by nearly 150% and increased its profit b more than 4 times.
The company’s target is >20% revenue growth and >10.5% underlying EBITDA growth per annum and it has consistently exceeded its targets since it listed. To this end, it has guided to $292m revenue and $30m underlying EBITDA in FY25.
This robust revenue growth reflects the successful integration of acquisitions and Atturra's loyal clientele. New clients have included The Seventh-day Adventist Church, Alliance Partners, Edward River Council, VetPartners and Ascham School.
The company's strong balance sheet supports its ongoing investment in growth initiatives, including potential acquisitions and service expansions. Its focus on sectors with high barriers to entry, such as government and defence, provides a stable revenue base.
With a growing presence in New Zealand and potential entry into other Asia-Pacific markets, Atturra is well-positioned to capitalise on regional growth opportunities.
Is Atturra a Good Stock to Buy?
Atturra presents a compelling case for growth-oriented investors seeking exposure to the Australian IT services market. It has recorded consistent growth since listing, has significant growth potential amidst a huge market opportunity and has a well-qualified management team.
Our Stock Analysis
Atturra (ASX:ATA): With a $53bn market opportunity, is this Australia’s next big tech star?
As a company that listed in 2021, Atturra (ASX:ATA) has performed much better than many would have thought. While many…
Why Telstra’s $267.5m purchase of Versant is a very big deal for investors
Earlier this week, Telstra (ASX:TLS) forked out $267.5m to buy cloud computing Versant. Given Telstra’s $40bn+ market cap, this may…
How exactly do high interest rates impact tech stocks? Here are 6 ways
We all know high interest rates impact tech stocks. But while most investors would know that fact, not all investors…
How can investors find good tech stocks? Here are 4 useful indications
Finding good tech stocks that can generate returns similar to what the FAANG stocks did in the 2010s is every…
Frequently Asked Questions
Analysts forecast a 27% compound annual growth rate for Atturra's revenue over the next six years, reflecting positive growth prospects.