Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
OpenLearning Ltd. ( (AU:OLL) ) has provided an announcement.
OpenLearning Limited reported a record quarter with significant growth in its SaaS contracts and annual recurring revenue (ARR), which rose by 22% year-on-year to $2.652 million. The company signed over $1.6 million in multi-year SaaS LMS deals, expanded its customer base across multiple countries, and improved operating efficiencies, resulting in a 48% decrease in net cash outflows. The strategic focus on its LMS has led to larger deal sizes and a robust sales pipeline, indicating strong future growth potential.
More about OpenLearning Ltd.
OpenLearning Limited is an AI-powered SaaS platform specializing in lifelong learning solutions. The company offers a comprehensive learning management system (LMS) that supports education providers in managing online learning, utilizing Generative AI for course design, content authoring, and education delivery. OpenLearning’s product suite includes the OpenLearning LMS, OpenLearning Marketplace, Biomedical Education and Skills Training Network, CourseMagic, and Employability Advantage, catering to both B2B and B2C customers globally.
Average Trading Volume: 321,097
Technical Sentiment Signal: Buy
Current Market Cap: A$8.21M
For a thorough assessment of OLL stock, go to TipRanks’ Stock Analysis page.