Business
Audited Results for Year Ended 31 December 2022
Audited Results for Year Ended 31 December 2022.
About this update from Aptitude Software Group Plc
[{"type":"text","content":"\n \n \n 21 March 2023\n \n \n \n APTITUDE SOFTWARE GROUP plc\n \n \n \n \n ('Aptitude' or 'the Group')\n \n \n \n \n \n \n \n \n \n Audited Results for the Year Ended\n \n \n \n \n 31 December 2022\n \n \n \n Aptitude Software Group plc (LSE: APTD), the specialist provider of finance digitalization and subscription management software,\n reports its Audited Results for the year ended 31 December 2022.\n \n \n \n Financial Highlights\n \n \n \n \n \n \n \n \n Year ended 31 December\n \n \n \n \n \n \n 2022\n \n \n \n \n \n 2021\n \n \n \n \n \n % Change\n \n \n \n \n \n \n \n Annual Recurring Revenue\n \n 1\n \n ('ARR') at year end\n \n \n \n \n \n £51.6m\n \n \n \n \n \n £45.0m\n \n \n \n \n +15%\n \n \n \n \n \n \n - ARR Growth\n \n \n \n \n \n 15%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n - ARR Growth (Constant Currency2)\n \n \n \n \n \n 9%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total Revenue\n \n \n \n \n \n £74.4m\n \n \n \n \n \n £59.3m\n \n \n \n \n +25%\n \n \n \n \n \n \n - Recurring Revenue3\n \n \n \n \n \n £50.5m\n \n \n \n \n \n £40.1m\n \n \n \n \n +26%\n \n \n \n \n \n \n - Non-Recurring Services Revenue\n \n \n \n \n \n £23.9m\n \n \n \n \n \n £19.2m\n \n \n \n \n +24%\n \n \n \n \n \n \n Cash and cash equivalents at year end\n \n \n \n \n \n £29.2m\n \n \n \n \n \n £29.1m\n \n \n \n \n -\n \n \n \n \n \n \n Net Funds4\n \n \n \n \n \n £15.9m\n \n \n \n \n \n £16.1m\n \n \n \n \n -1%\n \n \n \n \n \n \n Adjusted Operating Margin5\n \n \n \n \n \n 10%\n \n \n \n \n \n 17%\n \n \n \n \n -7%\n \n \n \n \n \n \n Adjusted Operating Profit5\n \n \n \n \n \n £7.5m\n \n \n \n \n \n £9.9m\n \n \n \n \n -24%\n \n \n \n \n \n \n Statutory Operating Profit\n \n \n \n \n \n £3.7m\n \n \n \n \n \n £6.5m\n \n \n \n \n -43%\n \n \n \n \n \n \n Basic Earnings per Share\n \n \n \n \n \n 4.5p\n \n \n \n \n \n 9.0p\n \n \n \n \n -50%\n \n \n \n \n \n \n Final Ordinary Dividend per Share\n \n \n \n \n \n 3.6p\n \n \n \n \n \n 3.6p\n \n \n \n \n -\n \n \n \n \n \n \n Full Year Ordinary Dividend per Share\n \n \n \n \n \n 5.4p\n \n \n \n \n \n 5.4p\n \n \n \n \n -\n \n \n \n \n \n \n \n \n \n \n \n \n \n ·\n \n \n \n \n Annual Recurring Revenue ('ARR') growth of 15% in absolute terms and 9% on a Constant Currency basis\n \n \n \n \n \n \n ·\n \n \n \n...