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Blue Prism sees FY revenue ahead of market views

Thursday, 13th April 2017
Blue Prism Group cited strong sales progress, coupled with ongoing momentum in its pipeline, in expecting FY revenue will be significantly ahead of existing market expectations.

"As a result, and in order to continue to grow the business globally, the group will invest further in its global sales and marketing activities," it said in a statement.

Blue Prism confirmed its momentum had continued to build with 151 new software deals secured in the five months to 31 March 2017, of which 87 were new customers and 60 were upsells across 40 existing customers.

All new customers were secured indirectly via the group's channel partners.

"This strong sales progress, coupled with ongoing momentum in the Group's pipeline gives the Board cause to expect that revenue for the full year will be significantly ahead of existing market expectations," the company said.

"As a result, and in order to continue to grow the business globally, the Group will invest further in its global sales and marketing activities."




At 9:01am: (LON:PRSM) Blue Prism Group Plc share price was +44.75p at 522.75p



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