This performance was largely second half weighted. This strong financial performance was generated by an increase in sales volumes, in par cular in upsells, where the Group worked with its exis ng customer base to unlock further revenues. Group revenue increased 83% and the monthly recurring revenue (M RR) generated at the end of October was £10.6m, an increase of 71% on FY18 (an increase of 60% on 2018 when M RR contributed via the Thoughtonomy acquisi on is excluded). RESULTS FOR THE YEAR ENDED 31 OCTOBER 2019 To view slides and join the audio webcast please use the following link: A ques on and answer session will be hosted during the webinar and to par cipate attendees will need to dial in. A link to the webinar and to register can be found below. Jason Kingdon (Execu ve Chairman) and Ijoma Maluza (CFO) will host a webinar on these results at 2pm GM T today. Tom Hull, Head of Investor Relations +44 (0)7736 707 Consulting Closing MRR and the impact of 2018 & 2019 investments provide the Board confidence in 2020 revenue outlook.Jason Kingdon returned to the role of Executive Chairman in October 2019, drawing on his significant experience in commercialising AI.Blue Prism continues to be ranked a strong market leader by industry analysts, differentiated by its clear enterprise focus.Now rebranded as part of Blue Prism Cloud ![]() Thoughtonomy, acquired in July 2019, integrated into the product stack and integral in the launching of hybrid and multi environments in November 2019.Launch of Learning edition, and multi environment trial editions to promote easier access. ![]() Versions 6.5 & 6.6 available in the year.Significant product launches during the year.Digital Exchange (DX) continues to be central to Blue Prism's role as a digital backbone, enabling AI deployments over 11,000 users registered during the year.2019 investment programme is now complete and should start to drive increased revenue in 2020 and beyond.Impressive net retention rate of 143% (measures revenue from customers a year ago, plus revenue gained from upsells, net of revenue lost).Investments made across 2018 driving growth.Underlying growth in MRR of £3.7m on 2018 underlying growth of £2.3m in the second half of 2019.Closing MRR at 31 October 2019 was £10.6m (£9.9m excluding Thoughtonomy).Strong H2 sales performance generated a closing MRR ahead of levels indicated at November trading update.**Cash includes cash on deposit classified as short term investments. *Adjusted EBITDA loss is EBITDA loss adjusted to exclude share-based payments, exceptional expenses and foreign exchange (losses)/gains. Blue Prism's differentiated role as the partner for enterprise grade RPA is increasingly demonstrated by our high quality customer base and this underpins our confidence in the future." Following this investment the business is well positioned to take advantage of the significant opportunity its enterprise focused RPA represents. The increasing momentum we have seen as the year progressed reflects the investments we made during 2018 and we expect this to continue, as our 2019 investment programme begins to show returns. This upselling capability generated record quarters in each of our key geographies in the second half of the year, with increases in both volume and sizes of upsells. Our enterprise customer base has grown significantly and our track record of upselling remains very encouraging. "We have made excellent progress in operations and financial performance during 2019, with revenue and MRR exceeding the levels guided to in our trading update in November. ![]() JASON KINGDON, EXECUTIVE CHAIRMAN, COMMENTED: RESULTS FO R THE FULL YEAR ENDED 31 O CTO BER 2019 BLUE PRISM GRO UP PLC ('BLUE PRISM' O R 'THE GRO UP')
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