LiveTiles (ASX:LVT) reports solid Q1 FY20 results

Company News

by Katrina Bullock

Workplace software provider, LiveTiles (ASX:LVT) has reported solid results for Q1 of FY20.

Annualised recurring revenue rose to $42.9 million as at 30 September 2019.

This continues LiveTiles impressive growth trajectory – rising 131 per cent over the past year.

It has seen strong APAC region performance but has been affected by seasonal buying patterns in the US and European regions.

It says it is pleased with sales and marketing activity, with a strengthening pipeline and more engaged partner channel.

Shares in LiveTiles (ASX:LVT) are trading 3.57 per cent higher at 36 cents.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.