Blue Prism has reported a strong trading update, sales are ahead for 2018E and comfortably ahead for 2019E, and we are upgrading our forecasts. The total number of software deals secured during the 2018 financial year is 1,359 (FY17: 609), consisting of 528 customer additions (FY17: 324), 723 upsells across 310 customers (FY17: 264 upsells across 131 customers) and 108 renewals (2017: 21). The total customer base at the end of 2018 closed at 992 (2017: 477). This implies churn for the first t
27 Nov 2018
Upgrades to forecasts
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Upgrades to forecasts
- Published:
27 Nov 2018 -
Author:
Harvey Robinson -
Pages:
4
Blue Prism has reported a strong trading update, sales are ahead for 2018E and comfortably ahead for 2019E, and we are upgrading our forecasts. The total number of software deals secured during the 2018 financial year is 1,359 (FY17: 609), consisting of 528 customer additions (FY17: 324), 723 upsells across 310 customers (FY17: 264 upsells across 131 customers) and 108 renewals (2017: 21). The total customer base at the end of 2018 closed at 992 (2017: 477). This implies churn for the first t