17th Jun 2021 10:48
(Alliance News) - Blue Prism Group PLC on Thursday announced a dramatic narrowing of its interim loss after seeing growing revenue and booking numbers for the period.
The robotic process automation firm reported a pretax loss of GBP21.0 million for the six months ended April 30, substantially narrowed from GBP53.8 million a year prior.
Bookings grew 35% in the first half to GBP98 million, or 39% at constant currency. Revenue for the period increased by 21% year-on-year to GBP80.4 million from GBP66.6 million, with recurring, subscription-based, licence revenue accounting for a 98% share.
Looking ahead, Blue Prism said its guidance remains unchanged and expects full-year revenue to be towards the lower end of its GBP170 million to GBP180 million previously guided range.
Foreign exchange movements are estimated to have negatively impacted the original guidance by around GBP2 million, it said. The group continues to expect an earnings before interest, tax, depreciation and amortisation loss for the year of about GBP25 million.
"Whilst remaining disciplined on spending and re-confirming our aim to be cash break-even by the end of the full financial period, we have significantly invested in research & development, enabling a record number of product releases to enhance scale and usability of the core product," commented Chair & Chief Executive Jason Kingdon.
"With over 2,000 customers, we want to remain at the forefront of developing next generation intelligent automation. Our global customer base remains robust."
Shares in Blue Prism were up 5.8% at 951.00 pence in London on Thursday morning.
By Will Paige; [email protected]
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