18th Jul 2023 15:24
Osirium Technologies PLC - Theale, England-based vendor of cloud-based cybersecurity and IT automation software - Reports annual recurring revenue has increased 34% to GBP2.2 million over the 12 months to June 30 from GBP1.6 million the year prior. ARR is up 20% from GBP1.8 million since the start of 2023. Bookings for the six months ended June 30 are expected at GBP1.22 million, up from GBP1.18 million the year prior. Revenue in the six-month period is expected to be no less than GBP1.1 million, up from GBP900,000 the year prior. Says ARR growth was driven by new customer wins and a high rate of renewals. Notes a strong start to the second half of the year, with a "healthy" pipeline underlined by a "growing pool" of prospective new customers as well as expected customer renewals and contract expansions. Read More