Raspberry Pi reports better-than-expected 25% rise in full-year earnings

Raspberry Pi reported a 25% year-on-year rise in adjusted core earnings to $46.4 million, beating expectations. Management attributed the improvement to strengthening demand and favourable unit economics in the second half, indicating a modest recovery in profitability and operational leverage.

Analysis

Raspberry Pi reported a 25% year-on-year rise in adjusted core earnings to $46.4 million, beating expectations. Management attributed the improvement to strengthening demand and favourable unit economics in the second half, indicating a modest recovery in profitability and operational leverage.