In-line with the FRC recommendations for a moratorium on formal results publication, essensys has delayed issuing full interims. The Group has instead issued a long-form trading update inclusive of unaudited financials. The update shows continued strong momentum, with Group sales up 19% y/y to £11.4m (Recurring revs: +29% to £9.7m). US growth was particularly strong, where recurring revenue rose 52% y/y to £3.8m. Growth was underpinned by new contracted Connect logos added i
24 Mar 2020
Strong H1 confirmed; FY’20E forecasts underpinned
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Strong H1 confirmed; FY’20E forecasts underpinned
essensys PLC (ESYS:LON) | 18.2 0 0.0% | Mkt Cap: 11.8m
- Published:
24 Mar 2020 -
Author:
Caspar Erskine -
Pages:
3
In-line with the FRC recommendations for a moratorium on formal results publication, essensys has delayed issuing full interims. The Group has instead issued a long-form trading update inclusive of unaudited financials. The update shows continued strong momentum, with Group sales up 19% y/y to £11.4m (Recurring revs: +29% to £9.7m). US growth was particularly strong, where recurring revenue rose 52% y/y to £3.8m. Growth was underpinned by new contracted Connect logos added i