LiveTiles (ASX:LVT) reports solid Q1 FY20 results

Workplace software provider, LiveTiles (ASX:LVT) has reported solid results for Q1 of FY20.

Annualised recurring revenue rose to $42.9 million as at 30 September 2019.

This continues LiveTiles impressive growth trajectory – rising 131 per cent over the past year.

It has seen strong APAC region performance but has been affected by seasonal buying patterns in the US and European regions.

It says it is pleased with sales and marketing activity, with a strengthening pipeline and more engaged partner channel.

Shares in LiveTiles (ASX:LVT) are trading 3.57 per cent higher at 36 cents.
 
Copyright 2019 – Finance News Network

Source: Finance News Network