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Aptitude Software Group plc ( (GB:APTD) ) has provided an update.
Aptitude Software Group plc reported positive progress for the financial year ending December 2024, aligning with revenue and profit expectations despite challenging macroeconomic conditions in the US and UK. The company’s AI Autonomous Finance solutions, including Fynapse, saw a 12% ARR growth, driven by new contracts and partnerships, while software churn decreased to 8%, indicating improved customer retention. Aptitude’s strategic transition towards autonomous finance led to a 2% overall ARR growth and increased recurring revenue proportion. The company’s strong balance sheet, alongside new client acquisitions, positions it well for future growth.
More about Aptitude Software Group plc
Aptitude Software Group plc is a market-leading provider of finance transformation software solutions, focusing on fully autonomous finance. Its primary product, Fynapse, is an intelligent finance data management and accounting platform designed to enhance productivity and reduce costs for global finance teams. The platform offers a comprehensive view of financial and business data, delivering superior performance, automation, and insights.
YTD Price Performance: -6.62%
Average Trading Volume: 58,053
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £179.1M
See more insights into APTD stock on TipRanks’ Stock Analysis page.
