Prelims are in line with the December trading update and unchanged forecasts for FY20. The transition towards SaaS, in-line with client requirements, has accompanied a move to focus on ARR ($15.9m at year end), supporting overall visibility ($21.2m currently) of 59%. With a qualified pipeline >50% higher than at FY18 (55/45 perpetual licences/SaaS), and a fourth quarter that delivered 49% of the year’s deals, momentum at end FY19 was very encouraging. Cash of $19.4m provides a robust
19 Mar 2020
Sopheon - Prelims: strong pipeline, strong cash
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Sopheon - Prelims: strong pipeline, strong cash
- Published:
19 Mar 2020 -
Author:
Andrew Darley | Cavendish Research -
Pages:
13
Prelims are in line with the December trading update and unchanged forecasts for FY20. The transition towards SaaS, in-line with client requirements, has accompanied a move to focus on ARR ($15.9m at year end), supporting overall visibility ($21.2m currently) of 59%. With a qualified pipeline >50% higher than at FY18 (55/45 perpetual licences/SaaS), and a fourth quarter that delivered 49% of the year’s deals, momentum at end FY19 was very encouraging. Cash of $19.4m provides a robust