LiveTiles Limited (ASX:LVT), a global software company has reported another solid quarter of annualised recurring revenue (ARR) growth. ARR reached $52.7 million as at 31 December 2019, indicating YoY growth of 130%, and up 7.6 times when compared with two years ago.
- Q2 FY20 saw strong organic ARR growth of $5.1 million from 30 September;
- The company completed acquisition of CYCL in early December with integration progressing well;
- LiveTiles continues to expect another year of strong customer and revenue growth in FY20.
At AEDT 01:15PM, the stock was trading at $0.282 per share, up by 6.415% from its previous close.
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