13 Apr 2017 07:00
13 April 2017
Blue Prism Group plc
("Blue Prism" or the "Group")
Trading update
Ahead of announcing Interim Results for the six months ended 30 April 2017 on 27 June 2017, Blue Prism (AIM: PRSM), a global leader in Robotic Process Automation ("RPA"), today issues the following update on trading for the financial year to date.
Further to the trading update issued on 22 February 2017, the Group's momentum has continued to build with 151 new software deals secured in the five months to 31 March 2017, of which 87 were new customers and 60 were upsells across 40 existing customers. All new customers were secured indirectly via the Group's channel partners.
This strong sales progress, coupled with ongoing momentum in the Group's pipeline gives the Board cause to expect that revenue for the full year will be significantly ahead of existing market expectations. As a result, and in order to continue to grow the business globally, the Group will invest further in its global sales and marketing activities.
Alastair Bathgate, CEO of Blue Prism, commented:
"It is encouraging to be able to issue a further positive update on our trading performance. We look forward to providing some greater insight into our progress at the time of our Interim Results in June, but it is clear that there continues to be good levels of interest in our technology, and close engagement from our sales partners."
For further information please contact:
Blue Prism Group plc Jason Kingdon, Chairman Alastair Bathgate, Chief Executive Officer Gary Johnson, Chief Financial Officer
| via FTI Consulting |
Investec Bank plc Andrew Pinder Sebastian Lawrence Carlton Nelson
| Tel: +44 (0)20 7597 5970 |
FTI Consulting Matt Dixon Dwight Burden | Tel: +44 (0)20 3727 1137 |
About Blue Prism
Blue Prism Group plc ("Blue Prism" or the "Group"), a UK-headquartered global software company, is a leader in Robotic Process Automation ("RPA"), which enables blue-chip organisations to create a digital workforce powered by Blue Prism's software robots that are trained to automate routine back-office clerical tasks. The Group's enterprise-grade software enables the automation of manual, rules-based, administrative processes to create a more agile, cost effective and accurate back-office.
Blue Prism's RPA software delivers the world's most successful digital workforce and has executed over 1 billion transactions for our customers, which include Aegon, BNY Mellon, Commerzbank, IBM, ING, Maersk, Nokia, Nordea, Procter & Gamble, Raiffeisen Bank, Siemens, Westpac and Zurich. As at 31 October 2016, Blue Prism had 86 employees based out of offices in Newton le Willows and London (UK) and Miami, Chicago, New York and San Francisco (US).
For more information visit www.blueprism.com and follow the company on LinkedIn and Twitter.