Digerati Technologies (DTGI) Surged 22% After Announcing Earnings

Investors who might be looking for stocks in the cloud services sector could consider having a look at the Digerati Technologies Inc (OTC: DTGI) stock.

Digerati Technologies (DTGI) Surged 22% After Announcing Earnings

The company, which is involved in providing cloud services solutions, announced its financial results yesterday and the stock surged as a reaction. After Digerati announced its financial results for the quarter ended on January 31 this year, the stock rallied strongly as well and shot up 22%.

In such a situation, it might be a good idea for investors to take a closer look. In the aforementioned quarter, the company managed to generate non-GAAP (generally accepted accounting principles) operating EBITDA of $0.447 million. Once adjusted, the EBITDA for the period came in at $0.247 million. On the other hand, the margins improved considerably to as high as 56.9%. Hence, the rally in the stock is perhaps understandable. However, it will be interesting to see if the Digerati stock can maintain its momentum through the rest of the week.

Emile Ortega

Editor and Computer ExpertA hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.