LiveTiles annualised recurring revenue up 272% year-on-year

Company News

by Rachael Jones

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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.