Workplace software company LiveTiles
(ASX:LVT) has reported that annualised recurring revenue reached $18.6 million, up 272 per cent year-on-year at 30 September 2018, up from $5.0 million as at 30 September 2017 and $15.0 million as at 30 June 2018.
The deal with sales and marketing consultancy, N3 in the United States, generated rapid sales pipeline growth and contributed to strong customer growth.
Ongoing joint campaigns with Microsoft continue to strengthen brand and product awareness and generate strong demand for LiveTiles’ intelligent workplace offering.
Shares in LiveTiles
(ASX:LVT) closed 11.65 per cent lower to 46 cents yesterday.
