28th Jun 2016 11:19
LONDON (Alliance News) - Blue Prism Group PLCon Tuesday said it looks forward with confidence as it reported a rise in revenue in its maiden interim results since listing in March.
Blue Prism designs 'Software Robots' which can be trained to take on routine back-office clerical tasks for businesses.
For the financial half year to end-April, Blue Prism reported a pretax loss of GBP2.6 million, swung from a pretax profit of GBP58,000 a year before, as a rise in revenue to GBP4.0 million from GBP3.3 million was offset by costs related to its listing.
Revenue growth was driven strong growth in recurring licence revenue, which now makes up 83% of total revenue, compared to 51% in the previous year.
"I am delighted to report our maiden half-year results. The group has delivered an excellent performance in the six months under review with strong growth in the number of new deals signed and the value of business generated," said Chief Executive Officer Alastair Bathgate.
"Since becoming a public company in March, our corporate profile has increased considerably and we have seen a growing and positive recognition of Blue Prism and our RPA software which is further strengthening our encouraging pipeline. During the second half of 2016 the group will be focused on converting this pipeline along with securing a number of major renewals and we look forward with confidence," Bathgate added.
Shares in Blue Prism were down 2.3% at 105.00 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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