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Rosslyn Data Technologies Expects "Solid Progress" In Second Half
LONDON (Alliance News) - Rosslyn Data Technologies PLC said Tuesday it expects "solid progress" in its second half, and expressed confidence for its future as trading remained positive in its first half to the end of October.
The cloud technology and services company said its client acquisition rate is accelerating, the average cost of acquired a new client is trending lower, and the average lifetime contract value is trending upwards. Meanwhile, its client churn rate remains below 5%.
The company said it is on track for its aim of achieving cash flow breakeven.
Shares in Rossyln Data Technologies were trading flat at 15.25 pence Tuesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
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