The interims are in line with the July update and highlight MMX’s resilience during the pandemic. Steady growth in billings continues alongside strategic improvement in the quality of business; notably, a reduced reliance on one-off brokered domain name sales saw almost all H1 billings (amounts invoiced) come from growth in the automated retail channel, building renewal business for the future. However channel billings are recognised over the life of the registration so much of that rev
30 Sep 2020
Minds + Machines - Impressive H1 cashflow enables further buybacks
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Minds + Machines - Impressive H1 cashflow enables further buybacks
- Published:
30 Sep 2020 -
Author:
Michael Hill | Cavendish Research -
Pages:
17
The interims are in line with the July update and highlight MMX’s resilience during the pandemic. Steady growth in billings continues alongside strategic improvement in the quality of business; notably, a reduced reliance on one-off brokered domain name sales saw almost all H1 billings (amounts invoiced) come from growth in the automated retail channel, building renewal business for the future. However channel billings are recognised over the life of the registration so much of that rev