ActiveOps hails strong start to year amid expanded contracts

Tue, 13th May 2025 12:21

(Alliance News) - ActiveOps PLC shares climbed on Monday as it said the 2026 financial year has started with a "strong expansion performance," underpinning confidence in its full-year expectations.

The Reading, England-based management process automation software provider for back-office operations said it gained an additional GBP1 million in software-as-a-service annual recurring revenue.

It has also secured GBP1.5 million in training and implementation services contracted by six existing customers across its three regions.

Shares in ActiveOps were up 8.1% to 120.00 pence in London on Tuesday afternoon.

ActiveOps said the sales underline expansion potential across its established customer base.

The company said it has also added three new customers since the start of the 2026 financial year.

These developments underpin confidence in financial 2026 performance meeting the board's expectations, ActiveOps said.

Executive Chair Richard Jeffery said: "One of the key characteristics of our software is its ability to quickly deliver real monetary value to its users, meaning that we have always enjoyed strong expansion sales within customers once they are up and running on our solutions.

"That has been particularly evident in recent months, with the enhancements to our offerings, including the addition of powerful AI-based tools, combining with the growing regulatory and economic pressures our customers are experiencing, to create an increase in order flow. We continue to see considerable further expansion opportunity within our extensive, blue-chip customer base which, with an increased win rate and speed of deployment, we are well placed to convert."

By Michael Hennessey, Alliance News reporter

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