Business
Trading update
Trading update.
About this update from Pulsar Group Plc
[{"type":"text","content":"\n \nRNS Number : 5406C Access Intelligence PLC 18 June 2019 \n\n18 June 2019\n \nACCESS INTELLIGENCE PLC\n(\"Access Intelligence\", the \"Company\" or the \"Group\")\n \nTrading update\n \nAccess Intelligence plc (AIM: ACC), a leading supplier of Software-as-a-Service (\"SaaS\") solutions for communications and reputation management, is pleased to announce sustained growth for the six month period to 31 May 2019 as a result of the acquisition of ResponseSource Limited (\"ResponseSource\").\nIn the first half of the year, growth was driven by new business secured by the Company's Vuelio monitoring and intelligence platform. This was supplemented by upselling of services from newly acquired ResponseSource, the journalist enquiry platform, to Vuelio's existing clients. \nIntegration of the Company's Vuelio platform with ResponseSource during the second half of the year is expected to accelerate revenue growth by expanding the product suite and securing the Group's market leading position for technological innovation. The strength of the proposition reflects the Group's commitment to providing software and insight that put organisations ahead of industry trends. This includes enabling organisations to combine media monitoring with political insight and influencer analysis. \nOver the last six months, the Group has delivered an increase in net annual contract value of £0.45m compared to an increase of £0.36m for the equivalent period in 2018. As a result, the Directors anticipate total revenue for the first six months of the financial year to be £6.2m. This is approximately 42% higher than for the same period last year, excluding discontinued operations, and is in line with the Board's expectations. \nThe strong results reflect the high calibre of new clients signed up to the Group's services, including: Whitbread, Canon, Breitling, Kia Motors, Kuehne + Nagel, Bonhams, Vision Express, Financial Times, The Prince's Trust, Crown Commercial Service, Homes England, RNLI, Ofsted and the British Library. \nJoanna Arnold, CEO of Access Intelligence, said: \"In a highly competitive and everchanging market, we provide our customers with the insight they need to stay ahead. We have secured our position as a market leading partner to the industry and I am delighted with the results seen so far this year. For...