Redeye Today: Addnode Group: First comment Q1, stronger all across the board
Addnode Group presented their Q1 result this morning. The reported numbers beat our estimates on almost all accounts. One of the most impressive takeaway from the report was the growth rate. The company grew their top-line by 15%.
The organic growth amounted to 11%, by historical standards this is very compelling. We will most likely have to revise our estimates upwards following the report.