Ideagen Kicks Off New Decade with Strong H1 Results and Positive Growth Predictions
The UK-based global software firm today unveiled its unaudited interim results for the six months to 31[st] October 2019Highlights include; · Adjusted EBITDA** on an IFRS16 basis grew 38% to £8.0 million (H1 2018: £5.8 million on an IAS17 basis) · Adjusted EBITDA** on a like for like IAS17 basis (note 2) grew 30% to £7.5 million (H1 2018: £5.8 million). · Adjusted diluted EPS*** increased by 17% to 2.31pence (H1 2018:1.98pence) · 30% rise in revenues to £27.3m (£21m in H1 2018) · Recurring revenues represented 74% of total revenue (67% in H1 2018) · Annual Recurring