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An announcement from Microlise Group Holdings Ltd. ( (GB:SAAS) ) is now available.
Microlise Group Plc reported strong financial results for the year ending December 2024, with a 13% increase in adjusted revenue to £81.0m and a 21% rise in adjusted recurring revenue to £54.7m. Despite a cyber security incident, which was effectively managed and covered by insurance, the company maintained its customer base and continued to grow, securing over 375 new customers and expanding internationally in markets like Australia, New Zealand, and France. The company’s strategic acquisitions and robust pipeline position it well for future growth, with expectations of continued success in 2025.
More about Microlise Group Holdings Ltd.
Microlise Group Plc, established in 1982, is a leading SaaS provider specializing in transport and fleet management solutions. The company’s technology aids businesses in enhancing efficiency, reducing emissions, cutting costs, and improving road safety. With a global presence and a client base exceeding 400 enterprises, Microlise operates in various industries and has offices in the UK, France, Australia, and India. The company is recognized for its innovation, having received multiple awards, and is listed on the Alternative Investment Market (AIM).
YTD Price Performance: 7.77%
Average Trading Volume: 67,763
Technical Sentiment Signal: Buy
Current Market Cap: £120.6M
For detailed information about SAAS stock, go to TipRanks’ Stock Analysis page.