Bigtincan Holdings Limited announces update on revenue growth, operating outcome and customer retention

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Bigtincan Holdings Limited has achieved revenue growth of 42% in fiscal year 2018 which has surpassed the previously announced year on year revenue growth rate of 35% to 40% for the 12 months ending 30 June 2018.

Today, i.e. 10 September 2018, the company reported that it is on track to deliver its objective of at least 35% – 40% revenue growth in FY19. However, customer retention rate is expected to remain stable during FY19 as it was in the second half of FY18. At June 2018, customer retention rate was 85%. 

The company has anticipated to achieve an operating neutral outcome as BTH’s monthly recurring revenue (MRR) in December 2018 is expected to be approximately equivalent to its monthly operating expenses in December 2018.

With this update, Bigtincan’s share price edged up by 3.509% to $0.295 on 10 September 2018 (8:27 PM AEST). There has been performance change of 50.00% over the past one year.

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