Microlise Reports Strong Growth and Optimistic Outlook
Company Announcements

Microlise Reports Strong Growth and Optimistic Outlook

Microlise Group Holdings Ltd. (GB:SAAS) has released an update.

Microlise Group Holdings Ltd. reports a robust half-year financial performance with a 15.4% revenue increase to £39.1m and a 20.6% jump in Annual Recurring Revenue, driven by new customer acquisitions and growth in recurring revenues. The company’s strategic acquisitions have expanded its product offerings, leading to significant contract wins, including a 10-year contract with an existing customer and a major deal with Woolworths in ANZ. With a positive outlook and a strong sales pipeline, Microlise is confident in meeting its full-year expectations for 2024.

For further insights into GB:SAAS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskMicrolise Announces Major Client Wins and Upcoming Results
TipRanks UK Auto-Generated NewsdeskMicrolise Unveils New Fleet Safety and Tracking Solutions
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App