IN BRIEF: ActiveOps says client wins drive revenue growth in half year

ActiveOps PLC - Reading, England-based workforce management software provider - Reports "strong" ...

Alliance News 20 October, 2021 | 1:14PM
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ActiveOps PLC - Reading, England-based workforce management software provider - Reports "strong" performance in six months to September 30 amid continued success of its 'Land & Expand' growth strategy. The company expects to report revenue growth of 22% in the first half from GBP9.4 million reported last year. This means that the company sees its half-year revenue of about GBP11.5 million. ActivOps also guides for a breakeven at the adjusted earnings before interest, tax, depreciation and amortization level, reflecting reduced travel costs as a result of the pandemic and the timing of the increased investment in staffing. The improvement comes as ActiveOps secures new logo wins and contract expansions across all target regions and sectors.

Current stock price: 180.00 pence

Change since IPO at March-end: down 3.5%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
ActiveOps PLC 182.50 -

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