Interims reveal performance in line with unchanged FY17 expectations. The February update revealed continuing strong performance, including organic revenue growth of 13.4%, and 27 new logos (1H16: 23; 2H16: 23). For the first time, the substantial majority of new deals were subscription revenue based: 22 in 1H17, compared with 29 for the whole of FY16, although partly due to the addition of Due North (acquired Feb 16). Millstream (acquired Nov 2016) has performed in line with management expec
26 Apr 2017
Business as usual
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Business as usual
- Published:
26 Apr 2017 -
Author:
Andrew Darley -
Pages:
12
Interims reveal performance in line with unchanged FY17 expectations. The February update revealed continuing strong performance, including organic revenue growth of 13.4%, and 27 new logos (1H16: 23; 2H16: 23). For the first time, the substantial majority of new deals were subscription revenue based: 22 in 1H17, compared with 29 for the whole of FY16, although partly due to the addition of Due North (acquired Feb 16). Millstream (acquired Nov 2016) has performed in line with management expec