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Blue Prism sees full-year revenue ahead of expectations

Wednesday, 16th May 2018
Robotic process automation group Blue Prism said it expected to report revenue ahead of expectations after generating strong sales momentum in the first half of year amid strong customer wins and strong upsells with existing customers.

In the first six months of the year, the group secured 559 software deals of which 223 were new customers, 298 were upsells to existing customers and 38 were renewals, the firm said.

The firm said it expected revenue for the year to 31 October 2018 comfortably ahead of current consensus expectations of £47.5m and an adjusted earnings (Ebitda) loss broadly in line with current consensus expectations of £18.9m.

At 9:14am: (LON:PRSM) Blue Prism Group Plc share price was -12p at 1546p

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