Access Intelligence PLC said on Friday it has seen a ‘robust’ performance in its core business in the six months to May 31.
As a result, the London-based software-as-a-service products provider expects interim revenue of £32.7 million, nearly triple the previous year if achieved.
Adjusted earnings before interest, tax, depreciation and amortisation is anticipated at £200,000, in line with the board’s expectations.
Annual recurring revenue was £59.6 million, increasing £700,000 in six months.
Access Intelligence said it remains ‘very encouraged’ by its progress in the Europe, Middle East and Africa region as well as in the North America market. The company added it expects annual recurring revenue growth to accelerate during the second half of the year in North America.
In Australia and New Zealand, the company said its ARR situation remains broadly stable.
Chair Christopher Satterthwaite said: ’The first half of the year has seen the group trade in line with expectations. We have delivered strong growth in the core business with a good performance being delivered by the Group’s EMEA and North America region including a significant number of blue-chip customers won in the period.‘
Shares in Access Intelligence were up 0.9% at 105.45 pence on Friday in London.
Copyright 2022 Alliance News Limited. All Rights Reserved.
