Blue Prism sees FY revenues 'significantly ahead' of market views
AIM-listed Blue Prism said on Thursday that revenue for the full year is anticipated to be "significantly ahead" of existing market expectations thanks to strong sales progress and ongoing momentum in the pipeline.
Blue Prism Group
1,274.00p
16:44 16/03/22
FTSE AIM 100
3,594.82
16:54 18/04/24
FTSE AIM All-Share
745.29
16:54 18/04/24
Software & Computer Services
2,345.19
17:14 18/04/24
In a trading update for the financial year to date, the company said its momentum has continued to build, with 151 new software deals secured in the five months to the end of March, of which 87 were new customers and 60 were upsells across 40 existing customers.
Prism also said it plans to invest further in its global sales and marketing activity in order to continue to grow the business globally.
Chief executive officer Alastair Bathgate said: "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."
At 0940 BST, the shares were up 10% to 526.55p.