Venture Corp has reported earnings of $97.4 million for 3QFY2022, up 26.4% y-o-y. Revenue in the same period was up 32.8% y-o-y to $1 billion, with broad-based growth from all technology domains across the Group’s diversified portfolio.
However, the company reported a slightly lower margin of 9.5%, from 10% achieved in the year earlier period.
For 9MFY2022, earnings increased by 24.9% y-o-y to $271.7 million, while revenue was up 28% y-o-y to $2.8 billion.
The company warns that beyond FY2022, the science and technology market segments may continue to see volatility if geopolitical tensions, Covid-19 lockdowns and other headwinds remain unabated.
Venture Corp closed Nov 4 at $16.13, up 0.5%.
