18th Jun 2020 16:03
Access Intelligence PLC - London-based software firm - Business has performed well through the volatility seen in half-year ended May 31, with strong renewal rates underpinning growth in annual contract value of GBP1.0 million in the period, over double the GBP450,000 increase for the equivalent period in 2019. First-half revenue expected to rise 50% year-on-year to GBP9.4 million. Costs reduced by GBP1.1 million. Net cash of GBP2.6 million at May 31. Unable to provide forward-looking guidance until the overall impact of Covid-19 becomes clearer.
Current stock price: 57.00 pence
Year-to-date change: up 11%
By Tapan Panchal; [email protected]
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