The company exceeds the high end of first-quarter guidance on revenue and profitability, and raises 2026 revenue guidance to 15% year-over-year growth.
The company reported a 16.3% increase in revenue to R1 163.5 million for the financial year ended 28 February 2026.
Revenue grew 14% year over year to $1.72 billion and product revenue grew 18% year over year to $559.3 million.
Revenue grew 14% year over year to $1.63 billion and billings grew 15% year over year to $1.78 billion.
The company reports total revenue of $1.54 billion, up 14% year over year, and product revenue of $459 million, up 12% year over year.
The Telkom subsidiary’s revenue increased 2.4% to R3.1 billion, on the back of strong performance in the IT hardware and software business.
Total revenue was $1.42 billion for the fourth quarter of 2023, an increase of 10.3% compared to $1.28 billion for the same quarter of 2022.
First quarter SaaS revenue of $35.5 million, representing 34% year-over-year growth and 39% adjusted for constant currency.
For the year ended 31 December 2022, revenue increased 20.7%, gross profit rose 10.1% and operating profit grew by 93.9%.
The company has raised its 2022 outlook on the back of impressive half-year results.
Recording its highest quarterly revenue to date, LG’s consolidated sales reached R280.3 billion in Q3.
The board declares a R9.52 per share dividend, payable entirely out of the company’s retained earnings.