A $2.8 million share buyback has helped restore $1.2 billion of value to Pro Medicus. Despite its sky-high multiple, bulls think it has further to run.
Twelve months of cost-cutting programs and price increases are also set to reveal which tech companies have responded to investor demands for profitability.
A write-down of two platforms has pushed the cloud-based accounting software group deeper into the red but a sharp increase in revenues and subscribers has buoyed investors.