LiveTiles’ ASR grows 252% YOY

Company News

by Kathy Skantzos

Global software company LiveTiles (ASX:LVT) announced a strong quarter of annualised subscription revenue (ASR) growth.

ASR reached $5 million by the end of September this year, representing annual growth of 252 per cent.

That’s a growth of $1 million in ASR for the September quarter, up 156 per cent in quarterly growth.

The company provides software to the commercial, government and education markets, and has 400 customers.

LiveTiles was a major sponsor of Microsoft’s Ignite conference in Orlando last month, which has generated sales opportunities with more than 100 prospective customers.

Shares in Global software company LiveTiles (ASX:LVT) are trading 14.04 per cent higher to 33 cents a share.