GetBusy Plc ( (GB:GETB) ) has provided an update.
GetBusy plc reported a successful 2024, with a 43% increase in adjusted EBITDA and achieving breakeven at the adjusted profit level for the first time. The company saw a 6% growth in Annualised Recurring Revenue (ARR) at constant currency, driven by strategic moves such as the acquisition of SmartPath and strengthening partnerships, notably with Intuit. Despite a slight reduction in paying users, GetBusy’s focus on higher-value customers and its expansion in the US market through SmartVault and Workiro positions it well for future growth. The company is optimistic about continued ARR growth into 2025, with expectations of delivering significant cash returns to shareholders in the medium term.
More about GetBusy Plc
GetBusy plc is a leading provider of productivity software solutions tailored for professional and financial services. The company’s offerings are designed to enhance secure and efficient collaboration among businesses, their customers, suppliers, and teams, with flexible delivery across cloud, mobile, hosted, and on-premise platforms. GetBusy is a fast-growing SaaS business with a strong presence in multiple market sectors and jurisdictions, focusing on delivering high-quality recurring subscription revenue.
YTD Price Performance: -13.91%
Average Trading Volume: 29,921
Technical Sentiment Signal: Buy
Current Market Cap: £27.12M
For detailed information about GETB stock, go to TipRanks’ Stock Analysis page.