Nearmap (ASX:NEA): FY16 Results Presentation

Company Presentations

by Carolyn Herbert

We are proud to say we have delivered on Nearmap's three key priorities for FY16.

We have delivered accelerated revenue in Australia, we've built the foundations for success in the US and we have enhanced our technology leadership position to provide higher value products to our customers.

We have had a 38 per cent growth in our ACV portfolio to $34.3 million, representing the annualised value of all active subscription contracts we have at a particular date. Using our ACV and our high retention rate, we can also calculate the estimated lifetime value of our Australian portfolio and as at the end of FY16 it was $338 million.

This growth in ACV is a result of our high retention rate, the increased value of our product for our existing customers and growth in new customers. In FY16 we added more than 1300 customers, taking the total customers to more than 6800 at year end.
 

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