This content is only available within our institutional offering.
Sign in
This content is only available to commercial clients. Sign in if you have access or contact support@research-tree.com to set up a commercial account
This content is only available to commercial clients. Sign in if you have access or contact support@research-tree.com to set up a commercial account
More customers, more IP, more recurring revenue
- Published:
24 Jan 2017 -
Author:
Andrew Darley -
Pages:
12
Ideagen has demonstrated its reassuringly routine delivery of interim results in line with unchanged revenue and profit expectations. Continuing with the established strategy of buy and build and its track record of successful integration, Ideagen has added IP, recurring revenue and customers, while organic revenue growth of 16% underpinned headline growth of 22%. Margin improvement added to an increase in recurring revenue to further improve earnings quality. As one of our top picks for the year, Ideagen is continuing to deliver operationally within the growing governance, risk, and compliance sector where growth in demand remains only at the beginning of the adoption phase for pan-enterprise solutions.