By Elena Vardon
ActiveOps said it is well placed to meet its revenue and core earnings guidance for fiscal 2024 as it expects to post growth for the first half of the year.
The London-listed automation software company on Wednesday said it expects to report revenue of 13.1 million pounds ($16 million) for six months ended Sept. 30, compared with GBP12.3 million for the same period the previous year. It also sees “significant” earnings before interest, taxes, depreciation and amortization growth for the period, against GBP300,000 a year prior.
The company had GBP9.9 million in cash at Sept. 30, which rose by a further GBP3.3 million in early October, it added.
“With growth against all of our key KPIs, good levels of renewals, and a healthy pipeline, we remain on track for a full year in line with board expectations,” Chief Executive Richard Jeffery said.
Write to Elena Vardon at [email protected]
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