Rosslyn Data Technologies PLC Trading Update (2215Q)
November 28 2016 - 1:00AM
UK Regulatory
TIDMRDT
RNS Number : 2215Q
Rosslyn Data Technologies PLC
28 November 2016
Rosslyn Data Technologies plc
("Rosslyn", the "Company" or the "Group")
Rosslyn Data Technologies plc
("Rosslyn", "RDT" or the "Company")
Trading Update
Rosslyn Data Technologies plc (AIM: RDT), the provider of a
leading cloud-based enterprise data analytics platform today is
pleased to announce a trading update for the 6 month period ended
31st October 2016
We are pleased to report that over the first half of the year
that the Company has continued to trade positively and build on its
foundations of growth. Most notably we have added a further FTSE
100 and a Fortune 100 client, whilst continuing to expand our
footprint in our current client base and expand our Partner
program.
Our direct sales team continues to make encouraging progress in
our target verticals and we are pleased to report that our pipeline
continues to grow with positive, credible prospects across Europe.
We have been shortlisted by a number of major businesses within our
target market and, with the help of marketing, continue to raise
our profile, meaning that we are now included in most invitations
for large data procurement events. In addition, our installed
client base continues to expand its use of RAPid with the purchase
of both new applications and broadening the use of their initial
procurement with new users and the expansion in to new business
areas.
Our partner program, which is focused on enabling industry
leading consultancies with the RAPid platform, is seeing its
relationships broaden and deepen. A clear example of this was the
recent announcement of our strengthened relationship with Dun and
Bradstreet. Although these relationships are still young,, we now
have partners who command leadership positions in their markets
place and we are in the process of being integrated into their
services. One is focused on reducing their sales cycles, deployment
lead times and enhancing their existing analytical offerings.
Rosslyn's solutions enable another of our partners to fill a
material gap in their analytical capabilities and services. In
addition, our focus on the US market continues to generate new
leads into exciting and large corporates.
Our progress and careful execution has been reflected in the
Group's key metrics; our client acquisition rate continues at a
steady pace; the average cost of acquiring a new client is trending
lower, despite a slow-down in the time to win contracts and both
the average and lifetime contract value is trending upward, now
being more than 50% greater than at the IPO at over GBP75,000 per
annum. These metrics are underpinned by a client churn rate that
remains below 5%. The management's focus on achieving cash flow
breakeven is progressing and remains on track which the Board
believes is encouraging evidence of an emerging, sustainable and
valuable business model.
We expect solid progress to be made across all fronts in the
second half of the year and look to the future with confidence.
+44(0)20 7138
Rosslyn Data Roger Bullen, 3203
Technologies Chief Executive +44(0)77 7162
plc Officer 3345
Lance Mercereau +44(0)7788
Marketing Director 183273
Cenkos Securities
-
Nominated Adviser, +44(0)20 7397
Broker Stephen Keys 8924
Notes to Editors
Rosslyn Data Technologies plc, (AIM: RDT), a leading provider of
a Cloud-based enterprise data analytics platform, was founded in
2005 by Charles Clark and Hugh Cox. Business Intelligence was
ranked first in the top ten technology priorities for Chief
Information Officers in 2012 by Gartner. The Company provides
analytical services by combining four key technologies: data
extraction; cleansing; enrichment; and visualisation, through a
single cloud platform enabling users with detailed data to make
more informed decisions. Rosslyn's RAPid platform is the Group's
primary product available to its multinational customers, including
Aberdeen Asset Management plc, Babcock Corporate Services plc,
Xerox Business Services and Coca-Cola Enterprises, Inc. Rosslyn
Data Technologies plc is the ultimate holding company of the Group
and owns 100 percent of Rosslyn Analytics Limited.
Further information can also be found on the Company's website
at: www.rosslynanalytics.com
This information is provided by RNS
The company news service from the London Stock Exchange
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