Amino’s trading update for the six months ending May 2020 in our view demonstrates that the group’s software-led strategy continues to deliver. The period saw a 10% YoY revenue increase, driven by impressive growth in software and services revenues (+172% YoY). The group’s financial position remains robust, with $16.7m of financial headroom. With visibility on the pipeline currently good, we leave forecasts unchanged. However, uncertainty on the H2 20E outlook clearly remain
08 Jun 2020
The software-led strategy continues to deliver
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The software-led strategy continues to deliver
Aferian plc (AFRN:LON) | 11.8 0 0.0% | Mkt Cap: 13.1m
- Published:
08 Jun 2020 -
Author:
Blaine Tatum -
Pages:
3
Amino’s trading update for the six months ending May 2020 in our view demonstrates that the group’s software-led strategy continues to deliver. The period saw a 10% YoY revenue increase, driven by impressive growth in software and services revenues (+172% YoY). The group’s financial position remains robust, with $16.7m of financial headroom. With visibility on the pipeline currently good, we leave forecasts unchanged. However, uncertainty on the H2 20E outlook clearly remain