
23 Feb 2021
Arcontech - Solid H1 results with +5% revenue growth
Arcontech has reported a solid set of H1 21 results that provide a strong foundation for future growth. H1 revenue has increased +5% to £1.54m as 90% of Arcontech’s revenue is from recurring licence fees, and the October 2020 new tier one client win and tier one client contract upgrade provide £100k of additional annual recurring revenue, which offsets an existing client developing certain functionality in-house. The strength and flexibility of Arcontech’s solutions have enabled it to achieve th ....

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Arcontech - Solid H1 results with +5% revenue growth
Arcontech Group PLC (ARC:LON) | 91.5 0 0.0% | Mkt Cap: 12.2m
- Published:
23 Feb 2021 -
Author:
Michael Hill -
Pages:
14 -
Arcontech has reported a solid set of H1 21 results that provide a strong foundation for future growth. H1 revenue has increased +5% to £1.54m as 90% of Arcontech’s revenue is from recurring licence fees, and the October 2020 new tier one client win and tier one client contract upgrade provide £100k of additional annual recurring revenue, which offsets an existing client developing certain functionality in-house. The strength and flexibility of Arcontech’s solutions have enabled it to achieve th ....