PROACTIS News

PROACTIS Announces Interim Results for the Six Months Ended 31 January 2018

PROACTIS, a global Spend Control and eProcurement provider, today announced its interim results for the six month period ended 31 January 2018.
Highlights include:
  • Deal activity buoyant: 35 new name deals (31 January 2017: 27)
  • Favourable revenue shift toward multi-year SaaS deals: 31 new names (31 January 2017: 22)
  • Initial contract value signed was £4.5m (31 January 2017: £1.8m)
  • Strong volumes from existing customers: 46 deals in the period (31 January 2017: 59)
  • 124% increase in reported revenue to £26.4m (31 January 2017: £11.8m)
Hamp Wall, Chief Executive Officer, commented: "The Board has dramatically enhanced the scale and financial performance of PROACTIS as well as its medium-term growth opportunity through its successful and focused M&A strategy. Further, the Group has performed extremely well with a strong momentum in new names signed during the period delivering substantially improved initial contract value. Up-selling and cross-selling activity with existing customers has also been positive.”

For further details, see the full PROACTIS Interim Results for the Six Months Ended 31 January 2018.
 
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