LiveTiles (ASX:LVT) records 130 per cent ARR growth - Sequoia Direct Pty Ltd

16JanJanuary 16, 2020

LiveTiles (ASX:LVT) records 130 per cent ARR growth

Global software company LiveTiles (ASX:LVT) has recorded annualised recurring revenue (ARR) has grown 130 per cent over the year to December 31, 2019.

The ARR reached $52.7 million – up 7.6 times when compared with two years ago.

With the 2019 acquisitions of Wizdom in February and CYCL in November LiveTiles has expanded its customer, revenue and product base.

Chief Executive Carl Redenbach says the company expects to deliver another year of strong customer and revenue growth in FY20, driven by the continued investment into products, partners and sales and marketing channels.

Shares in LiveTiles (ASX:LVT) are trading 10.4 per cent higher at 29 cents.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

19JulJuly 19, 2023

Stocks of the Hour: ImpediMed, Imugene, Brightstar Resources

19 Jul 2023 - A snapshot of the stocks on the move, featuring ImpediMed (ASX:IPD), Imugene Limited (ASX:IMU) and Brightstar Resources (ASX:BTR).

07JanJanuary 7, 2020

The Cann Group (ASX:CAN) see the first commercial-scale resin extraction for Australia

07 Jan 2020 - The Cann Group (ASX:CAN) and IDT Australia (ASX:IDT) have jointly announced that GMP extraction activities are underway for the first batches of medicinal cannabis resin.

26AugAugust 26, 2019

Bravura Solutions see NPAT rise up 21%

23 Aug 2019 - Bravura Solutions (ASX:BVS) today announced its full-year results for the period ended 30 June 2019, showing group FY19 NPAT increased 21 per cent to $32.8 million from $27.0 million in FY18.

17MayMay 17, 2022

Stocks of the Hour: Havilah Resources, Oz Minerals, Calix, Pilbara Minerals, Brambles

17 May 2022 - A snapshot of the stocks on the move featuring, Havilah Resources, Oz Minerals, Calix, Pilbara Minerals, Brambles

29JanJanuary 29, 2020

National Australia Bank’s (ASX:NAB) assistant company secretary resigns

29 Jan 2020 - Kelly Patterson has resigned as an Assistant Company Secretary of National Australia Bank (ASX:NAB).

10JulJuly 10, 2020

Chorus (ASX:CNU) fibre activity and uptake hampered by covid-19 restrictions

10 Jul 2020 - New Zealand internet services provider Chorus says the COVID-19 lockdown restrictions have had a significant impact on fibre activity and uptake in the 4th quarter.

20AprApril 20, 2020

Caltex Australia (ASX:CTX) report Alimentation Couche-Tard take-over will not go-ahead

20 Apr 2020 - Caltex Australia (ASX:CTX) and Alimentation Couche-Tard Inc. have decided to not proceed with the acquisition proposal due to the high level of economic uncertainty caused by the COVID-19 pandemic.

03SepSeptember 3, 2019

Cynata Therapeutics see their organ rejection study published

04 Sep 2019 - Clinical-stage biotechnology company Cynata Therapeutics (ASX:CYP) is excited to have a scientific paper published on the efficacy of Cymerus MSCs in a preclinical model of organ transplant rejection.

18FebFebruary 18, 2020

Kogan.com (ASX:KGN) see profit up, revenue down

18 Feb 2020 - Retail business Kogan.com (ASX:KGN) today announced its half year results showing gross sales of $322.9 million, up 16.4 per cent on prior year of $277.3 million.

29DecDecember 29, 2020

Pacific Current Group (ASX:PAC) to invest in Astarte Capital Partners

29 Dec 2020 - Asset management firm Pacific Current Group (ASX:PAC) has entered into an agreement to purchase a minority stake in Astarte Capital Partners LLP.