Momentum in Recurring Revenue Growth Is Reported
Software giant said there was continued momentum in recurring revenue growth as it reported on third quarter trading.
“The Newcastle-headquartered accounting software provider said group organic revenue increased by 6.6% in the first nine months of its current financial year, and 7.5% in the third quarter. In a trading update to investors the firm admitted year to date growth rate was flattered by non-recurring items in the first half and by a comparatively weak third quarter in 2014.”