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AAP
AAP
Derek Rose

Cloud based migration looms large on Elders share price

Elders
A project to replace a company's outdated IT system with a cloud-based service has proved costly. (Jay Kogler/AAP PHOTOS)

A tech overhaul by a leading Australian agribusiness has seen its share price hammered despite the company delivering higher first half profit and revenue. 

Elders made $1.77 billion in underlying sales revenue in the six months to March 31, up 32 per cent from a year ago. 

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