AdvancedAdvT Delivers Strong Full Year Performance
Why we think this is very good
The trading update from AdvancedAdvT Limited indicates the company has delivered a strong performance, with Adjusted EBITDA for the full year materially exceeding current market expectations. This was driven by good growth in new customers and the renewal of substantial contracts on improved terms, leading to sustained growth in recurring revenue. The company's focus on operational efficiencies has further strengthened its underlying and ongoing performance.
Key Points
- Full year Adjusted EBITDA to be materially above market expectations
- Strong growth in new customers and contract renewals
- Operational efficiencies have strengthened underlying performance
Summary
AdvancedAdvT Limited, the international software solutions provider, has announced that its full year trading performance will be materially above current market expectations. This has been driven by good growth in new customers and the renewal of substantial contracts on improved terms, leading to sustained growth in recurring revenue. The company's focus on operational efficiencies has further strengthened its underlying and ongoing performance.