Is this bad4 Feb 2019 11:52
The bourd expects Group revenues to be c.£94.0 million (2017: £52.1 million), with recurring revenues increasing to c.68% (2017: 39%), driven primarily by the transformational PeopleFluent acquisition in May 2018. The Board anticipates recurring revenues to be c.71% on an annualised basis.
Organic revenue growth on a constant currency basis, excluding the CSL contract, was c.+8% across Software & Platforms and c.-8% in Content & Services against tough prior year comparators. PeopleFluent revenues for the last seven months of the year have been reduced, as expected, in line with LTG's accounting policies under IFRS 15.