Commentary for the quarter ending 30 September 2015
Cash receipts from customers for the September quarter were $2.60 million, an increase of 2.5% or $0.064 million versus the June quarter, and a fourth consecutive quarter of growth in cash receipts.
Cash receipts growth trails Trading Technology revenue growth, with larger agency clients billed only when the campaign activity they purchase commences, and monthly in arrears. Cash receipts are therefore geared to the timing of payments from larger agency customers. As outlined in the Trading Update released to ASX today, the Company’s Trading Technology segment is delivering revenue growth in excess of cash receipts growth for the September quarter.
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