Task Group Holdings
Task Group Holdingsfounded in 2010, is a New Zealand company listed on the Australian Securities Exchange (ASX:TSK).
The company comprises Plexure and Task Retail Pty Limited and specializes in cloud-based transactional management and mobile customer engagement solutions primarily for the hospitality sector.
Overview
Operating in Australia, New Zealand, and the US, TASK Group Holdings focuses on providing transaction management solutions to the hospitality industry, aiming to personalize and enhance consumer transactions globally.
In 2021, the company underwent a significant merger with Plexure, a customer engagement platform, consolidating both businesses under a single brand, with Plexure becoming a subsidiary of TASK Group Holdings. Notably, the company's roster includes McDonald's, a prominent stakeholder.
Financial Report
TASK Group Holdings Ltd has demonstrated robust growth, as evident from its 2023 Annual Report.
The report highlights an impressive 99% year-on-year growth in group revenue and a remarkable 192% year-on-year growth in adjusted EBITDA since the merger.
Future Outlook
Positioned in a stable and strong position, TASK Group Holdings Ltd has been excelling, surpassing expectations, investing in staff, and experiencing growth in customers and revenue, despite a challenging landscape in the tech industry where others may be retracting.
