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Ignite revenue, GP falls; Hiremii shortlisting talent in 11 seconds

Ignite has reported an 8% dip in revenue and a 16% decline in gross profit year-on-year in the March quarter. Meanwhile Hiremii's revenue is up 53% and it has provided a progress update on its shortlisting technology.

Ignite's result follows flat GP growth, on revenue down 5%, in the December quarter.

Gross profit margin was 11.4%, down from 12.6% for the comparative quarter in FY22, largely due to a decline in the proportion of profit contribution from the managed services division.

In managed services, gross margin decreased by 44% (and 13% compared to the December quarter), due to restructuring On Demand IT services to focus on higher-margin clients, and poor performance of Talent Solutions, leading to its closure in March...