9th Nov 2021 09:22
(Alliance News) - Alfa Financial Software Holdings PLC on Tuesday said revenue increased in the third quarter and lifted its full-year revenue outlook again.
Shares were up 10% and 215.00 pence on Tuesday morning in London.
The provider of software to the asset finance industry said that revenue in the third quarter of 2021 was GBP20.0 million. A 25% increase from GBP16 million in the same quarter a year before.
The total contracted value in the quarter widened to GBP128.0 million from GBP125.0 million.
Alfa anticipated to beat previous market revenue forecasts for its full-year revenue by around 4% at the time of their half-year results.
The company now expects to exceed its revenue estimates for 2021 by a further approximately 3%. Revenue in 2020 came in at GBP78.9 million, up 22% from GBP64.5 million in 2019.
"This has been an outstanding quarter in what has been an outstanding year for Alfa. We are delighted to see continued good progress across all areas of the business," Chief Executive Andrew Denton commented.
By Abby Amoakuh; [email protected]
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