Aferian’s H1 23 results (to 31 May) demonstrate significant improvements in both revenue visibility and earnings quality. The group continues to deliver impressive growth in software revenues, which now contribute 60% of sales. Annual Recurring Revenue (ARR) once again reached record levels, driving improved revenue quality and visibility. The release signals management’s confidence in the full-year outlook, with net debt forecast to have peaked and improved performance from the devices business ....
31 Aug 2023
PROGRESSIVE: Aferian: H1 23: Improved visibility and earnings quality
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PROGRESSIVE: Aferian: H1 23: Improved visibility and earnings quality
Aferian plc (AFRN:LON) | 12.5 0 0.0% | Mkt Cap: 13.9m
- Published:
31 Aug 2023 -
Author:
Blaine Tatum -
Pages:
6
Aferian’s H1 23 results (to 31 May) demonstrate significant improvements in both revenue visibility and earnings quality. The group continues to deliver impressive growth in software revenues, which now contribute 60% of sales. Annual Recurring Revenue (ARR) once again reached record levels, driving improved revenue quality and visibility. The release signals management’s confidence in the full-year outlook, with net debt forecast to have peaked and improved performance from the devices business ....