22nd Feb 2017 07:00
22 February 2017
Blue Prism Group plc
("Blue Prism" or the "Group")
Trading update
Blue Prism (AIM: PRSM), a global leader in Robotic Process Automation ("RPA"), provides an update on trading subsequent to the close of the first quarter of the 2017 financial year (the "Period").
The Board is pleased to report that the positive trading momentum detailed in the Group's full year results for the year ended 31 October 2016 continued into the Period. Blue Prism secured 83 new software deals, of which 49 were new customers and 34 were upsells to existing customers. All new deals were secured indirectly via the Group's channel partners.
Taking into consideration the above trading performance in the first quarter of the current financial year the Board now anticipates revenue for the full year will be materially ahead of existing market expectations.
Alastair Bathgate, CEO of Blue Prism, commented:
"We are pleased to report that the strong momentum we experienced in 2016 has continued into the current financial year. We have a strong pipeline and look forward to the remainder of 2017 with confidence."
For further information please contact:
Blue Prism Group plc Jason Kingdon, Chairman Alastair Bathgate, Chief Executive Officer Gary Johnson, Chief Financial Officer
| via Newgate Communications |
Investec Bank plc Andrew Pinder Sebastian Lawrence Carlton Nelson
| Tel: +44 (0)20 7597 4000 |
Newgate Communications Bob Huxford / Adam Lloyd / James Browne | Tel: +44 (0)20 7653 9850 |
About Blue Prism
Blue Prism Group plc ("Blue Prism" or the "Group"), a UK-headquartered global software company, is a leader in Robotic Process Automation ("RPA"), which enables blue-chip organisations to create a digital workforce powered by Blue Prism's software robots that are trained to automate routine back-office clerical tasks. The Group's enterprise-grade software enables the automation of manual, rules-based, administrative processes to create a more agile, cost effective and accurate back-office.
Blue Prism's RPA software delivers the world's most successful digital workforce and has executed over 1 billion transactions for our customers, which include Aegon, BNY Mellon, Commerzbank, IBM, ING, Maersk, Nokia, Nordea, Procter & Gamble, Raiffeisen Bank, Siemens, Westpac and Zurich. As at 31 October 2016, Blue Prism had 86 employees based out of offices in Newton le Willows and London (UK) and Miami, Chicago, New York and San Francisco (US).
For more information visit www.blueprism.com and follow the company on LinkedIn and Twitter.
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