Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
An announcement from Reckon Limited ( (AU:RKN) ) is now available.
Reckon Limited reported a 5% increase in Annual Recurring Revenue (ARR) and a stable overall financial performance, driven by a 7% growth in cloud revenue for its Business Group and a 13% increase in ARR for its Legal Group. The company continued to invest in transitioning its Business Group clients to its Reckon One platform and expanded its Legal Group through a significant acquisition. These strategic moves aim to bolster its market position and drive future growth, particularly in the cloud revenue and subscription services segment.
More about Reckon Limited
Reckon Limited operates in the software industry, focusing on cloud-based and desktop accounting and payroll solutions. The company targets small and medium enterprises (SMEs) and legal firms, mainly in the US and UK markets, with its Reckon One platform and Legal Group solutions.
YTD Price Performance: -6.47%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €38.17M
Learn more about RKN stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue