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18 Jun 2019 | 08:02

Access Intelligence expects half-yearly revenue to jump 42% amid new business wins

Communications and reputation management company Access Intelligence said it expected first-half revenue to jump 42% year-on-year, led by new business wins from its Vuelio monitoring and intelligence platform. For the six month period to 31 May 2019, the company said it anticipated total revenue to be £6.2m, 42% higher than for the same period last year, and in line with the board's expectations.

The uptick in revenue comes as the net annual contract value increased £0.45m for the half, compared to an increase of £0.36m for the equivalent period in 2018. This was driven by new business secured from its Vuelio monitoring and intelligence platform, and supplemented by upselling of services from newly acquired ResponseSource, the journalist enquiry platform, to Vuelio's existing clients, the company added. 'Integration of the Company's Vuelio platform with ResponseSource during the second half of the year is expected to accelerate revenue growth by expanding the product suite and securing the Group's market leading position for technological innovation,' the company said. 'The strong results reflect the high calibre of new clients signed up to the Group's services, including: Whitbread, Canon, Breitling, Kia Motors, Kuehne + Nagel, Bonhams, Vision Express, Financial Times, The Prince's Trust, Crown Commercial Service, Homes England, RNLI, Ofsted and the British Library,' Access said.

At 8:02am: (LON:ACC) Access Intelligence PLC share price was 0p at 58p

Story provided by StockMarketWire.com
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