Dotdigital’s FY’23e update reveals revenues ahead of expectations (+10% y/y to £69.1m; SCMe: £67.5m), with AOP in line. Recurring revenue growth reaccelerated into double-digits in line with projections, although was boosted further by modestly higher transactional revenues. Growth has been delivered against the backdrop of rebuilding a US team in a tight labour market, consumer spend uncertainty and restricted customer budgets, and has been underpinned by the launch of AI/ML infused enhancement ....
