17th Nov 2020 12:12
(Alliance News) - Blue Prism Group PLC on Tuesday posted a surge in its revenue for financial 2020 aided by significant growth in bookings.
The enterprise software company said revenue for its financial year ended October 31 is expected to be in line with consensus expectations of GBP141.7 million, with adjusted loss before interest, tax, depreciation, and amortization to be better than the previous estimate of GBP55.2 million.
For comparison, revenue for financial 2019 was GBP101.0 million and adjusted Ebitda loss was GBP71.9 million.
Blue Prism said bookings for the full year totalled GBP180 million, 60% of which was secured in the second half and GBP122 million of which represented new business from new customers and upsells.
By region, the Americas contributed 41% of revenue, 47% of revenue came from the Europe, the Middle East and Africa regions and 12% was from the Asia-Pacific.
Looking ahead, the company said: "We are encouraged by the positive momentum seen in the second half and see a strong pipeline, which closed significantly stronger than at the same point last year. While the macro environment remains uncertain, we remain confident in our ability to deliver good long-term growth."
As at October 31, Warrington-based Blue Prism had cash of GBP137.6 million, down from GBP140.8 million at the same time last year.
Full results for financial 2020 will be published on January 14.
Separately, the AIM-listed company said it has begun exploring a potential secondary listing in the US but stated that no decisions have been made with regards to the terms or timing of a potential listing.
Shares in Blue Prism were trading 12% higher at 1,792.00 pence each midday Tuesday in London.
By Ife Taiwo; [email protected]
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