Although Sopheon is withdrawing guidance for forecasts (and we remove FY 2020E estimates), today’s update reflects a number of positive comments on current trading and the robust nature of the Group’s balance sheet. The pipeline remains at a similar level to the FY 2019 year end (when it was some 50% up year-on-year) and retention levels for Annual Recurring Revenue (ARR) have remained good so far this year. The Group confirms that a number of markets are showing resilience to the
15 May 2020
A confident view in difficult times
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A confident view in difficult times
- Published:
15 May 2020 -
Author:
Gareth Evans -
Pages:
3
Although Sopheon is withdrawing guidance for forecasts (and we remove FY 2020E estimates), today’s update reflects a number of positive comments on current trading and the robust nature of the Group’s balance sheet. The pipeline remains at a similar level to the FY 2019 year end (when it was some 50% up year-on-year) and retention levels for Annual Recurring Revenue (ARR) have remained good so far this year. The Group confirms that a number of markets are showing resilience to the