Microlise Reports Strong Growth and Optimistic Outlook
Company Announcements

Microlise Reports Strong Growth and Optimistic Outlook

Microlise Group Holdings Ltd. (GB:SAAS) has released an update.

Microlise Group Holdings Ltd. reports a robust half-year financial performance with a 15.4% revenue increase to £39.1m and a 20.6% jump in Annual Recurring Revenue, driven by new customer acquisitions and growth in recurring revenues. The company’s strategic acquisitions have expanded its product offerings, leading to significant contract wins, including a 10-year contract with an existing customer and a major deal with Woolworths in ANZ. With a positive outlook and a strong sales pipeline, Microlise is confident in meeting its full-year expectations for 2024.

For further insights into GB:SAAS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskMicrolise Unveils New Fleet Safety and Tracking Solutions
TipRanks UK Auto-Generated NewsdeskMicrolise Secures Major French Contract, Expands Reach
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!