StatPro has released an update indicating that FY 2017 results will be in line with market expectations, with revenue up 30% to c£49.0m and adjusted EBITDA up 35% to c£6.9m. Significantly, StatPro Revolution ARR increased organically by 13%. This should allay concerns that Revolution growth in slowing following the 9% growth reported in H1. We remain confident that a combination of product development initiatives and ramped up sales investment will drive accelerating growth in ARR going forward, ....
25 Jan 2018
Full year results in line, Revolution ARR growth accelerating
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Full year results in line, Revolution ARR growth accelerating
Statpro Group (SOG:LON) | 0 0 (-0.8%) | Mkt Cap: 159.5m
- Published:
25 Jan 2018 -
Author:
N+1 Singer Team -
Pages:
3
StatPro has released an update indicating that FY 2017 results will be in line with market expectations, with revenue up 30% to c£49.0m and adjusted EBITDA up 35% to c£6.9m. Significantly, StatPro Revolution ARR increased organically by 13%. This should allay concerns that Revolution growth in slowing following the 9% growth reported in H1. We remain confident that a combination of product development initiatives and ramped up sales investment will drive accelerating growth in ARR going forward, ....