Skkynet Cloud Systems Inc   (SKKY)
Other Ticker:  
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
Price: $0.3000 $-0.01 -4.306%
Day's High: $0.3 Week Perf: -1.64 %
Day's Low: $ 0.27 30 Day Perf: -14.29 %
Volume (M): 1 52 Wk High: $ 0.67
Volume (M$): $ 0 52 Wk Avg: $0.31
Open: $0.27 52 Wk Low: $0.04

 Market Capitalization (Millions $) 16
 Shares Outstanding (Millions) 53
 Employees -
 Revenues (TTM) (Millions $) 2
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Skkynet Cloud Systems Inc
Skkynet Cloud Systems Inc is a cloud-based service provider that specializes in secure, real-time data communication. They offer a range of industrial IoT solutions that enable businesses to securely connect, collect, and distribute real-time data across multiple locations and devices. Skkynet's software and services allow organizations to monitor, control, and analyze data from anywhere in the world, enhancing operational efficiency and reducing costs. With a focus on security and reliability, Skkynet helps businesses accelerate their digital transformation journey.

   Company Address: 2233 Argentia Road Mississauga 0 ON
   Company Phone Number: 702-7851   Stock Exchange / Ticker: SKKY


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Skkynet Cloud Systems Inc

Skkynet Cloud Systems Inc Soars to New Heights with Unprecedented Growth in Fiscal Year Ending July 31, 2023

kkynet Cloud Systems Inc. recently released its financial results for the period ending July 31, 2023. Although the company witnessed a significant growth in revenue compared to its peers in the Software & Programming sector, its income remained unchanged from the previous year. This article will outline the key financial facts, analyze the performance of Skkynet Cloud Systems Inc., and provide a broader context for understanding these results.
Key Facts:
1. Revenue Growth: Skkynet Cloud Systems Inc. achieved a remarkable revenue growth of 18.859% to reach $0.63 million in the most recent fiscal period. This surge in top-line performance outperformed its sector peers, who witnessed an average revenue growth of 12.19% during the same period.

Skkynet Cloud Systems Inc

Skkynet Cloud Systems Reports Significant 15.807% Revenue Boost in Q2 2023, Despite Stagnant Income Growth

The stock market is always unpredictable, and fluctuations in the market can signal changes in the economy or specific sectors. One such example can be seen in the Software & Programming industry, where a notable increase in revenue of 15.807% was not reflected in income between February to April 30, 2023. Despite this lack of income growth, revenue improved by 27.096% from $0.49 million to $0.63 million, year on year.
Skkynet Cloud Systems Inc, a notable player in this industry, reported a net deficit of $-0.084 million during the same time frame. This figure is higher than the net deficit of $-0.042 million they reported the previous year. However, it is worth noting that net deficits are not always a bad sign for companies. They can indicate that the company is investing in growth opportunities or that accounting expenses have occurred.


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