TIDMAOM
RNS Number : 4484Q
ActiveOps PLC
18 October 2023
18 October 2023
ActiveOps plc
("ActiveOps" or the "Company")
Trading Update
and Notice of Half Year Results
Group continues to deliver solid growth and is trading in line
with expectations
ActiveOps plc (AIM: AOM), a leading provider of Decision
Intelligence for service operations, today provides an update on
trading for the six months ended 30 September 2023. The Board is
pleased to report continued growth in the first half of FY24, with
the Group well-placed to achieve both its revenue and EBITDA
expectations for the full year.
The Group expects to report overall revenue growth of
approximately 6% to c.GBP13.1m (H1 2023: GBP12.3m), and significant
EBITDA growth (H1 2023: GBP0.3m).
SaaS revenues in the period were up over 7%, driving a 7% growth
in exit Annual Recurring Revenue (ARR) to c.GBP23.7m (September
2022: GBP22.1m), providing a firm foundation for the full year
performance.
Through prudent management of the business, the Group remains
well capitalised with cash and cash equivalents as at 30 September
2023 of GBP9.9m (September 2022: GBP11.0m), with a further GBP3.3m
received from customers in early October 2023.
The Group has successfully executed against its land and expand
strategy, winning new customers, along with good levels of customer
expansion sales across all three products, facilitated by the
demonstrable and rapid benefits the products bring.
The Group is seeing customer appetite to take new product
continuing to build. The launch of ControliQ Series 3, with its
AI-based features, has been particularly well received by
customers. Our product teams are harnessing the latest advances in
technology to help our customers better organise, see capacity
clearer and ultimately improve performance for their own
customers.
The first of ActiveOps' 2023 annual customer conferences was
held in London on the 10 October. Here the Company successfully
launched its new brand, focused on the provision of Decision
Intelligence for Service Operations. The Group's products help
customers improve their decision making and do more with what they
have. The message, that ActiveOps' products help create more
capacity and enhance productivity to improve customer experience,
while reducing costs, is resonating well across the Group's
customer base and target markets. Expected total attendance across
the Company's customer conferences is up 25% vs last year,
reflecting its strong customer relationships and the interest in
the Group's solutions.
Notice of Results
The Company intends to announce its results for the six months
ended 30 September 2023 on 14 November 2023.
Richard Jeffery, Chief Executive Officer of ActiveOps plc,
commented , "The ActiveOps team continues to deliver against our
clear growth strategy despite wider macroeconomic uncertainty. High
recurring revenues, strong gross margins, low churn rates and a
strong balance sheet give the Group confidence as it looks ahead to
the remainder of the year.
"The demonstrable value of our product set is resonating well
with our blue-chip enterprise customer base, which, when coupled
with our strong customer relationships, underpins the success of
the Group. With the release of ControliQ Series 3 and soon to be
released Series 4, our product set is becoming increasingly
sophisticated and intelligent. With further enhancements to our
product roadmap on the horizon, each with decision intelligence at
their core, we continue to upgrade the tools our customers have
available to them, protecting our reputation as market leaders in
the management process automation market.
"With growth against all of our key KPIs, good levels of
renewals, and a healthy pipeline, we remain on track for a full
year in line with Board expectations."
For more information, please contact:
ActiveOps Via Alma
Richard Jeffery, Chief Executive www.activeops.com
Officer
Ken Smith, Chief Financial Officer
Investec Bank plc +44 (0)20 7597 5970
Corporate Broking & PLC Advisory
Patrick Robb / David Anderson
Alma + 44(0) 203 405 0205
Caroline Forde / Will Ellis Hancock
About ActiveOps
The Company's offerings provide predictive and prescriptive
insight to help service operations make better decisions - faster.
The Company's AI-powered SaaS solutions are underpinned by 15+
years of operational data and its AOM methodology that's proven to
drive cross department decision-making.
With Decision Intelligence, ActiveOps' customers deliver MORE -
release 20%+ capacity within the first 12 months and boost
productivity by 30%+ leading to MORE business impact. Customer
turnaround times are improved substantially, costs are reduced,
SLAs are met, and employees are happier and more engaged.
As at 31 March 2023, T he Company has over 170 employees,
serving a global customer base of over 80 enterprise customers from
offices in the UK, Ireland, USA, Australia, India and South Africa.
The Group's customers are predominantly in the banking, insurance,
healthcare administration and business process outsourcing (BPO)
sectors, including Nationwide, TD Bank, Elevance and DXC
Technology.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTMRBMTMTTBTRJ
(END) Dow Jones Newswires
October 18, 2023 02:00 ET (06:00 GMT)
Activeops (LSE:AOM)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Activeops (LSE:AOM)
Gráfica de Acción Histórica
De May 2023 a May 2024