Attraqt sees revenue and earnings grow in line with expectations

15th Jan 2020 08:35

(Sharecast News) - Software-as-a-Service platform provider Attraqt Group told investors on Wednesday that both full-year revenues and adjusted underlying earnings for the year ended 31st December 2019 were expected to show growth in line with expectations.

Attraqt also said its increased focus on multi-year contract renewals was "delivering results", with the group signing 21 multi-year contracts, as well as a number of new contracts with well-known brands in the year - including its first customer in China.

"These commitments are a further illustration that our technology is becoming increasingly integral to the world's best online brands and underline the momentum in the business," said Attraqt.

The AIM-listed group also stated research and development activity in 2020 would be focused on delivering "a fully-unified product and customer experience" - a move it expects to have a positive impact on new bookings performance into the second half of 2020 and beyond.

Attraqt expects to announce its annual results on 4 March.

As of 0835 GMT, Attraqt shares were down 0.28% at 35.40p.