Microlise reports 10% revenue drop in H1 amid hardware weakness
Investing.com -- Microlise Group, a UK transport software company, reported a 10% year-on-year decline in first-half revenue, driven primarily by lower OEM and hardware sales. The company posted revenue of £39.50 million for the first half of the fiscal year.
Reported by 1 outlet — Investing.com · Stock Market. See all sources ↓
Investing.com -- Microlise Group, a UK transport software company, reported a 10% year-on-year decline in first-half revenue, driven primarily by lower OEM and hardware sales. The company posted revenue of £39.50 million for the first half of the fiscal year. The decline stemmed from reduced OEM revenues and lower non-recurring hardware sales, partly due to component shortages and project timing issues. Direct Customer Annual Recurring Revenue grew 12%, supported by customer renewals, account expansion and new customer acquisitions.
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- Investing.com -- Microlise Group, a UK transport software company, reported a 10% year-on-year decline in first-half revenue, driven primarily by lower OEM and hardware sales. The company posted revenue of £39.50 million for the first half of the fiscal year.
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- 1 outlet, average source rating 6.0/10.
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- 16m ago.
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Microlise reports 10% revenue drop in H1 amid hardware weakness
Sources1TypeCoverageInvesting.com · Stock Market