Instem’s H1 results are in line with the July trading update and confirm the group is on track to deliver against FY22 profit forecasts. Higher margin recurring software revenue growth is outstripping more lumpy service & consulting revenue, which bodes well for future margin and value accretion. Markets remain robust and demand for Instem’s solutions continues at a high level. Post-period end, Instem won its largest ever contract worth a minimum of $12m over the next five years and opening up a ....
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Interims confirm on track to deliver FY22E profits
- Published:
27 Sep 2022 -
Author:
Chris Glasper -
Pages:
3
Instem’s H1 results are in line with the July trading update and confirm the group is on track to deliver against FY22 profit forecasts. Higher margin recurring software revenue growth is outstripping more lumpy service & consulting revenue, which bodes well for future margin and value accretion. Markets remain robust and demand for Instem’s solutions continues at a high level. Post-period end, Instem won its largest ever contract worth a minimum of $12m over the next five years and opening up a ....