K3’s interim period to December 2016 delivered performance in line with forecasts reviewed at the trading update. Typically of a software business exposed to large orders, several contracts had slipped into the subsequent period, with one £2.0m contract confirmed today – and order prospects continue to improve, highlighting the issue as short-term timing rather than longer-term performance. Recurring revenue grew from 46% to 49%, as some new customers opt for SaaS or hosted
27 Mar 2017
Interims and contract win
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Interims and contract win
K3 Business Technology Group PLC (KBT:LON) | 104 0 0.0% | Mkt Cap: 46.3m
- Published:
27 Mar 2017 -
Author:
Andrew Darley -
Pages:
16
K3’s interim period to December 2016 delivered performance in line with forecasts reviewed at the trading update. Typically of a software business exposed to large orders, several contracts had slipped into the subsequent period, with one £2.0m contract confirmed today – and order prospects continue to improve, highlighting the issue as short-term timing rather than longer-term performance. Recurring revenue grew from 46% to 49%, as some new customers opt for SaaS or hosted