Build-up of annual recurring revenue (ARR) continued in second quarter
Zalaris ASA, the provider of Payroll and HR Solutions, today posted an adj. EBIT of 11.4 million and revenue of NOK 185.4 million.Q2 highlights: · Revenue of NOK 185.4 million (NOK 198.4 million) – reduction mainly due to currency movements of approx. NOK 11m · Adjusted EBIT of NOK 11.4 million (NOK 12.7 million) – higher margins within Managed Services in the Nordics, offset by currency movements, and temporary use of external consultants within Professional Services in Germany · Adjusted EBIT margin of 6.2% (6.4%) · High sales activity within Managed Services, resulting in