Arcontech has reported resilient FY21 results, and continued to invest in strengthening its platform for future growth, as the pandemic has impacted its ability to secure new sales. Flat FY21 revenue of £3.0m is in line, and reflects that over 90% of Arcontech’s revenue is from recurring licence fees from tier 1 financial institutions that value its solutions and service. FY21 adjusted EBIT of £1.1m is +2% ahead of our previous estimate due to strong cost control, and includes Arcontech continui ....
01 Sep 2021
Arcontech - Resilient FY results and the strongest pipeline in several years
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Arcontech - Resilient FY results and the strongest pipeline in several years
Arcontech Group PLC (ARC:LON) | 106 0 0.0% | Mkt Cap: 14.2m
- Published:
01 Sep 2021 -
Author:
Michael Hill -
Pages:
26
Arcontech has reported resilient FY21 results, and continued to invest in strengthening its platform for future growth, as the pandemic has impacted its ability to secure new sales. Flat FY21 revenue of £3.0m is in line, and reflects that over 90% of Arcontech’s revenue is from recurring licence fees from tier 1 financial institutions that value its solutions and service. FY21 adjusted EBIT of £1.1m is +2% ahead of our previous estimate due to strong cost control, and includes Arcontech continui ....