9 Nov 2021 07:00
9 November 2021
Blue Prism Group plc
('Blue Prism' or 'the Company' or 'the Group')
TRADING UPDATE FOR YEAR ENDED 31 OCTOBER 2021
Blue Prism (AIM: PRSM) a global leader in Intelligent Automation, provides the following brief update on trading for the fiscal year ended 31st October 2021.
Total bookings1, including renewals, for FY21 are expected to be circa £221m, compared to £180m last year. Net new bookings2 are expected to be circa £114m, compared to £122m last year. On a constant currency basis, this represents 3% decline. For the second half of the fiscal year, net new bookings declined by 16%, or 13% on constant currency basis, year-on-year. The exit rate of Annualised Recurring Revenue (ARR) is expected to be circa £179m, representing 17% annual growth or 20% on a constant currency basis.
Blue Prism continues to expect revenues to be around £167m and an EBITDA loss of between £14-19m, as originally communicated on the 28th September.
CONTACT DETAILS
For further information please contact:
Blue Prism Group plc
Tom Hull, Head of Investor Relations +44 (0)77 3670 7407
Investec Bank plc +44 (0)20 7597 5970
Carlton Nelson
Ben Griffiths
BoA Securities +44 (0)20 7628 1000
James Robertson
Oliver Elias
Brunswick +44 (0)20 7404 5959
Caroline Daniel
ABOUT BLUE PRISM
Blue Prism is the global leader in intelligent automation for the enterprise, transforming the way work is done. At Blue Prism, we have users across the globe in more than 2,000 businesses, including Fortune 500 and public sector organizations, that are creating value with new ways of working, unlocking efficiencies, and returning millions of hours of work back into their businesses. Our Digital Workforce is smart, secure, scalable and accessible to all; freeing up humans to re-imagine work. To learn more visit www.blueprism.com and follow us on Twitter @blue_prism and on LinkedIn.
1 Bookings defined as Licence and Support and Maintenance bookings
2 Net new bookings excludes the impact of renewals