IN BRIEF: Pulsar Group hails cost savings, says growth "accelerating"
Pulsar Group PLC - London-based software-as-a-service provider for the marketing and communications industries - Says it delivered a strong performance in the year ended November 30, "characterised by accelerating organic growth...and the successful delivery of [GBP7.0 million] of annualised cost savings". These were mainly due to automation and the decommissioning of duplicate legacy technology, Pulsar says. Annual recurring revenue increases to GBP64.5 million at the year's end, up from GBP60.6 million the year before. Says the EMEA & North America region "continues to be the primary engine of growth", with ARR increasing on-year to GBP34.2 million. Expects total revenue for the year to show "modest growth" at constant exchange rates to around GBP61.0 million from GBP62.0 million. Read More