Business
Record month for Dillistone Systems in May
Record month for Dillistone Systems in May.
About this update from Dillistone Group Plc
[{"type":"text","content":"\n \nRNS Number : 2435A Dillistone Group PLC 06 June 2016 \n\n \n6 June 2016\nDillistone Group Plc\nDillistone Systems announces record month for \nFileFinder Anywhere implementations\n \nDillistone Group Plc, the AIM quoted supplier of software to the recruitment industry, is pleased to announce that May 2016 was an exceptionally good month for system implementations in its Dillistone Systems division. \n \nSince the launch of FileFinder Anywhere in September 2014, the Dillistone Systems division has seen an increase in both new system sales and client retention rates; the latter being principally through system upgrades from former iterations of FileFinder to the new FileFinder Anywhere suite. The Board noted an acceleration in the Division's new business sales in the first quarter as part of its most recent trading update.\n \nMay 2016 saw what the Directors believe to be the highest level of implementations of licences in the 33 year history of the business with over 800 upgraded and new licences installed on the FileFinder Anywhere platform. This is a testament to how well the new FileFinder Anywhere suite is being received by both new and existing clients. \n \nThe majority of new FileFinder Anywhere licences sold are on a Software as a Service (SaaS) basis, resulting in a dependable future revenue stream for the Group, however with reduced impact on short-term realised revenues as contract revenues are recognised over a longer period. \n \nExisting clients can upgrade to the new platform on a SaaS basis in a cost effective way, paying for implementation and cloud or browser services as required but without purchasing new software licences. In most cases, for upgrades, the upfront fee will be relatively small, although in other cases it may be a significant five figure amount or, occasionally, higher. \n \nAs a result, whilst this announcement demonstrates a considerable vote of confidence in the new platform it will not materially change the financial out-turn for the current financial year. \n \nJason Starr, Chief Executive of Dillistone Group Plc, commented:\n \n\"We announced a month ago that our Dillistone Systems division had enjoyed an exceptional start to the year, with a 70% increase in our new business order book, as compared t...