GetBusy’s interim results published today show the company has continued to grow strongly, across all its markets, despite the impact of a stronger Sterling. Recurring revenue increased 18% YoY (23% constant currency) to 87% of group revenue (84% in H1 2017). The number of paying users grew to 58.6k. The UK business rebounded strongly, the US business swung to a profit. We have updated our forecasts for GetBusy and upgraded our Target Price to 72p/ share, +50% versus prior level. We rei
01 Aug 2018
Robust growth despite FX. TP upgraded 50%
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Robust growth despite FX. TP upgraded 50%
GetBusy Plc (GETB:LON) | 64.5 0 0.0% | Mkt Cap: 32.6m
- Published:
01 Aug 2018 -
Author:
Brendan D’Souza -
Pages:
16
GetBusy’s interim results published today show the company has continued to grow strongly, across all its markets, despite the impact of a stronger Sterling. Recurring revenue increased 18% YoY (23% constant currency) to 87% of group revenue (84% in H1 2017). The number of paying users grew to 58.6k. The UK business rebounded strongly, the US business swung to a profit. We have updated our forecasts for GetBusy and upgraded our Target Price to 72p/ share, +50% versus prior level. We rei