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GetBusy PLC - Cambridge, England-based professional and financial services productivity software provider - Says annual recurring revenue stands at £20.5 million as at March 31, up 17% year-on-year. Says the strong growth in ARR has been driven by ‘encouraging customer acquisition, including from the Netsuite channel in the UK; fast-expanding revenue in the US’. Looking ahead, confirms 2023 expectations with a high level of confidence. Expects revenue to reach £21.1 million and adjusted earnings before interest, tax, depreciation and amortisation to reach £700,000. In 2022, revenue was £19.3 million.
Chief Executive Officer Daniel Rabie says: ‘2023 has started with a notable step-up in momentum as we scale the sales and marketing teams and increase focus on customer acquisition to support long-term growth.’
Current stock price: 66.85 pence, up 3.6% on Friday afternoon in London
12-month change: up 5.3%
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