1H20 demonstrates the beneficial consequences of transition to the cloud: despite the hurdles presented by COVID-19, revenue is a touch ahead, ($13.9m vs $13.7m in 1H19); FY visibility is $25.5m (1H19: $25.4m); and ARR is $16.5m, vs $15.3m. We cannot be certain of recurrence of the historical 4Q boost to licence sales, but even so new customer sales bookings year to date are twice the value of last year, with 100% of new customer wins delivered via the cloud for the first time ever. With $21.
27 Aug 2020
Sopheon - Rock steady
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Sopheon - Rock steady
- Published:
27 Aug 2020 -
Author:
Andrew Darley | Cavendish Research -
Pages:
12
1H20 demonstrates the beneficial consequences of transition to the cloud: despite the hurdles presented by COVID-19, revenue is a touch ahead, ($13.9m vs $13.7m in 1H19); FY visibility is $25.5m (1H19: $25.4m); and ARR is $16.5m, vs $15.3m. We cannot be certain of recurrence of the historical 4Q boost to licence sales, but even so new customer sales bookings year to date are twice the value of last year, with 100% of new customer wins delivered via the cloud for the first time ever. With $21.