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Dillistone wins contract renewal with recruitment firm

Tuesday, 22nd January 2019
Recruitment software supplier Dillistone Group said it had won a three-year contract renewal with a 'globally known' recruitment organisation.

The contract represented, by value, the largest in the history of the company. It didn't disclose a contract value.

Dillistone also said its GatedTalent division had generated a greater proportion of subscription-based revenue than expected, increasing the company's ability to 'deliver sustainable higher quality earnings'.

The division, however, was still expected to be loss-making in 2019, though the company said it now expected it would become cash generative in the final quarter of 2019.

At 2:40pm: (LON:DSG) Dillistone Group PLC share price was +12p at 54.5p

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