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GetBusy PLC - Cambridge, England-based professional and financial services productivity software provider - Says annual recurring revenue stands at GBP20.5 million as at March 31, up 17% year-on-year. Says the strong growth in ARR has been driven by "encouraging customer acquisition, including from the Netsuite channel in the UK; fast-expanding revenue in the US". Looking ahead, confirms 2023 expectations with a high level of confidence. Expects revenue to reach GBP21.1 million and adjusted earnings before interest, tax, depreciation and amortisation to reach GBP700,000. In 2022, revenue was GBP19.3 million.
Chief Executive Officer Daniel Rabie says: "2023 has started with a notable step-up in momentum as we scale the sales and marketing teams and increase focus on customer acquisition to support long-term growth."
Current stock price: 66.85 pence, up 3.6% on Friday afternoon in London
12-month change: up 5.3%
By Xindi Wei, Alliance News reporter
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