Cash generating company for 1.5mcap22 Jul 2018 12:55
Recognised revenues for the year are expected to be £3.7m (2017: £3.9m), with overall bookings amounting to £3.6m* (2017: £3.2m*). The renewal rate in the year increased, with approximately 88% of the renewals by value being converted over the period (2017: 76%).
A total number of 13 new customers were signed during the year (2017: 15), seven of which are on annual or multi-year contracts consisting of both technology and consulting, two short term pilot projects and three consulting engagements. New customers include a major US airline and several large financial institutions including a large financial services group in Asia, a large US based investment advisor and a global investment bank headquartered in Australia.