Driven by new management impetus, CKT has made meaningful progress over the past 12 months, as it looks to become a leading workflow management vendor in an under-served and global market. Key to this - targeted organic and M&A investment has produced strong returns, as CKT has achieved 43% ARR growth – ahead of expectations, which in-turn drove recurring sales up 31% y/y or +82% in the US, a strategically important market. Now with c.75% of pro-forma sales as recurring and having secured severa ....
28 Apr 2022
1 year in, the new Checkit is hitting its stride
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1 year in, the new Checkit is hitting its stride
Checkit plc (CKT:LON) | 21.0 -0.1 (-2.3%) | Mkt Cap: 22.7m
- Published:
28 Apr 2022 -
Author:
Harold Evans -
Pages:
3
Driven by new management impetus, CKT has made meaningful progress over the past 12 months, as it looks to become a leading workflow management vendor in an under-served and global market. Key to this - targeted organic and M&A investment has produced strong returns, as CKT has achieved 43% ARR growth – ahead of expectations, which in-turn drove recurring sales up 31% y/y or +82% in the US, a strategically important market. Now with c.75% of pro-forma sales as recurring and having secured severa ....