Proactis has delivered prelims for the year to July 2016 in line with August trading update, delivering EBITDA of £5.3m from revenue of £19.4m, in line with expectations. With beneficial working capital movement, cash generation was better than expected, leaving net debt of £-0.5m compared with £-1.6mE. All the KPIs are positive, showing 18% growth in the total number of new deals, including 45% growth in subscription deals and 16% growth in upsell deals. 6.6% organic

12 Oct 2016
Accelerating prospects

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Accelerating prospects
- Published:
12 Oct 2016 -
Author:
Andrew Darley -
Pages:
12 -
Proactis has delivered prelims for the year to July 2016 in line with August trading update, delivering EBITDA of £5.3m from revenue of £19.4m, in line with expectations. With beneficial working capital movement, cash generation was better than expected, leaving net debt of £-0.5m compared with £-1.6mE. All the KPIs are positive, showing 18% growth in the total number of new deals, including 45% growth in subscription deals and 16% growth in upsell deals. 6.6% organic