Sanderson has delivered interim numbers in line with the 4 May update. Group revenue increased 11% to £10.9m, driven by 20% growth in Digital Retail revenue and 7% growth in Enterprise Software revenue. Management does highlight a slightly more considered approach from some customers and protracted sales cycles with bigger projects. However, healthy recurring revenue (£5.4m to be recognised in H2) and a good order book (£2.8m) provide decent visibility of our full year targets. We therefore make ....
24 May 2017
N+1 Singer - Sanderson Group - Solid first half and good visibility of full year targets
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N+1 Singer - Sanderson Group - Solid first half and good visibility of full year targets
Sondrel (Holdings) Ltd. (SND:LON) | 5.9 0 0.0% | Mkt Cap: 5.16m
- Published:
24 May 2017 -
Author:
N+1 Singer Team -
Pages:
8
Sanderson has delivered interim numbers in line with the 4 May update. Group revenue increased 11% to £10.9m, driven by 20% growth in Digital Retail revenue and 7% growth in Enterprise Software revenue. Management does highlight a slightly more considered approach from some customers and protracted sales cycles with bigger projects. However, healthy recurring revenue (£5.4m to be recognised in H2) and a good order book (£2.8m) provide decent visibility of our full year targets. We therefore make ....