LiveTiles sees record 4th Quarter of $40.1 million

Company News

by Rachael Jones

Global software company LiveTiles (ASX:LVT) has seen a record quarter of annualised recurring revenue growth, reaching $40.1 million as at 30 June 2019.

Fourth quarter Financial Year 2019 ARR was a record quarter for LiveTiles, with growth of $5.6 million, that's 65 per cent higher than Q4 FY18 organic ARR growth of $3.4 million.

ARR has grown by 167 per cent in the last 12 months

The company key objective is to deliver ARR of at least $100 million 30 June 2021.

The company acquired employee profile and directory management software company Hyperfish for $8.9 million in May 2018.

Shares in LiveTiles (ASX:LVT) closed 7.77 per cent higher to $0.56 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.