Business
Notice of results and segmental reporting change
Notice of results and segmental reporting change.
About this update from Getbusy Plc
[{"type":"text","content":"\n \nRNS Number : 5141C GetBusy PLC 18 June 2019 \n\n \n18 June 2019\nGetBusy plc\nNotice of results and product-based segmental reporting\nGetBusy plc (AIM: GETB) (\"GetBusy\" or \"the Company\" or \"the Group\"), a developer of document management and communication software products, is pleased to announce that it will report its results for the half-year ending 30 June 2019 on Tuesday 23 July 2019. Going forward, following a review of its businesses, the Group will report segmental performance based on individual products or product groups. \nThe Group presently comprises three software products, being two 'Document Management' products (Virtual Cabinet and SmartVault) and one 'Communication' product (GetBusy). Given that the majority of the Group's employees are focused on individual products and that the strategy, financial objectives, internal reporting and capital allocation for each product differ, the Board believes that it would provide better information to shareholders by aligning its reporting to that structure rather than geographical territories, as the Group has done to date.\nThe Document Management group of products comprises:\nVirtual Cabinet\n· Nature: Desktop document management, workflow and cloud portal tool\n· Customer base: Over 42,000 users in the UK, USA, Australia and New Zealand\n· Financial objective: Sustained growth in profit and cash generation\n· 2018 revenue: £7.6m (18% growth at constant currency)\n· 2018 Adjusted EBITDA: £2.4m (29% growth)\nSmartVault\n· Nature: Cloud document management platform and portal for SMEs\n· Customer base: ...