• Completed GreenOrbit acquisition: Knosys will receive a 3-month revenue contribution from the GreenOrbit entity in FY21.
• Positive momentum in sales and pipeline activity: A strong quarter of contract extensions, new customers, cross-selling and up-selling, validating current group ARR of $5.8m.
• Strong cash position: Cash balance of $6.5m at end of quarter, including $1.5m of cash acquired with the GreenOrbit business.
• Updated guidance for FY21: Knosys is expecting consolidated FY21 income to be in the range of $5.0-$5.3m in FY21 for the newly combined entities.
Knosys (ASX: KNO), a global software-as-a-service (SaaS) information technology company providing Knowledge Management and Employee Experience solutions, is pleased to provide its March 2021 quarterly activity report and update on the Company’s operations and business.
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