16 May 2018 07:00
16 May 2018
Blue Prism Group plc
("Blue Prism" or the "Group")
Trading Update
Blue Prism (AIM:PRSM), a global leader in Robotic Process Automation ("RPA"), is pleased to announce a pre-close Trading update in respect of the six months ended 30 April 2018.
The business started the year strongly and has continued to generate strong sales momentum in the first half of the financial year, driven by customer wins and strong upsells with existing customers through our global partner ecosystem.
During the first half, the Group secured 559 software deals; of which 223 were new customers, 298 were upsells to existing customers and 38 were renewals. Given this commercial progress, the Board now expects to report revenue for the year to 31 October 2018 comfortably ahead of current consensus expectations and an adjusted EBITDA loss broadly in line with current consensus expectations.
Blue Prism will be announcing its Interim Results for the six months ended 30 April 2018 on Tuesday, 26 June 2018.
Note:
1. The Board's compiled current consensus expectations are £47.5m recognised revenue and £18.9m adjusted EBITDA loss.
For further information please contact:
Blue Prism Group plc via FTI Consulting
Alastair Bathgate, Chief Executive Officer
Ijoma Maluza, Chief Financial Officer
Investec Bank plc +44 (0)20 7597 5970
Andrew Pinder
Sebastian Lawrence
Carlton Nelson
FTI Consulting +44 (0)20 3727 1000
Matt Dixon
Dwight Burden
About Blue Prism
Blue Prism, a UK-headquartered global software company, is a leader in 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 its customers, which include AEGON, BNY Mellon, Commerzbank, IBM, ING, Maersk, Nokia, Nordea, Procter & Gamble, Raiffeisen Bank, Siemens, Westpac and Zurich. As at 31 October 2017, Blue Prism had 187 employees based out of offices in Newton Le Willows and London (UK), Sydney (Australia), Tokyo (Japan), Bangalore (India), Austin, Miami, Chicago, New York, Washington DC and San Francisco (US), Munich (Germany) and Paris (France).
For more information visit www.blueprism.com and follow the Group on LinkedIn and Twitter.