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GetBusy sees no significant impact from Covid-19
5th May 2020 08:06
(Sharecast News) - Business software firm GetBusy said on Tuesday that it was yet to see any significant impact from the Covid-19 pandemic, with revenues continuing to grow year-on-year.
GetBusy reported a 20% year-to-date jump in recurring revenues on Tuesday thanks to strong market demand for cloud productivity products and improved sales and marketing execution.
However, GetBusy noted that the cancellation of trade shows had hit new business generation.
The AIM-listed group said full-year revenues and adjusted losses were projected to be ?14m and ?600,000, respectively - in line with expectations.
GetBusy also said it would look to capitalise on expected market growth stemming from an increase in remote working and highlighted that it had received benefits from the UK, US and Australian governments to help it weather the Covid-19 storm.
As of 1145 BST, GetBusy shares were up 6.56% at 65p.
GetBusy reported a 20% year-to-date jump in recurring revenues on Tuesday thanks to strong market demand for cloud productivity products and improved sales and marketing execution.
However, GetBusy noted that the cancellation of trade shows had hit new business generation.
The AIM-listed group said full-year revenues and adjusted losses were projected to be ?14m and ?600,000, respectively - in line with expectations.
GetBusy also said it would look to capitalise on expected market growth stemming from an increase in remote working and highlighted that it had received benefits from the UK, US and Australian governments to help it weather the Covid-19 storm.
As of 1145 BST, GetBusy shares were up 6.56% at 65p.