- IDOX Plc (LON: IDOX) has released a trading update for its financial year ended 31 October 2019.
- The company reported revenues of £66.0 million as compared to £67.4 million in 2018.
- Though, the company stated that revenue visibility significantly improved, with annualised recurring revenue run rate at 31 October 2019 up 20 per cent to £38.9 million after the adoption of IFRS 15, while the increase was 16 per cent on an organic basis.
- Net debt of the company at 31 October 2019 was down 17 per cent at £26.4 million as compared to £31.8 million in 2018.
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