Trading Update

RNS Number : 9019F

Rosslyn Data Technologies PLC

17 November 2015

 

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 announces a trading update for the six month period ended 31^st October 2015.

We are pleased to report that over the first half of the year, the trading environment has remained positive and the Company was able to build on the existing growth trajectories. The foundations we have laid so far have proven to be solid and this is notable in our recent client acquisitions of a further two FTSE 100 and two FTSE 250 clients.

Our direct sales team continues to make encouraging progress in our target verticals and we are pleased to report that a previous client has recently returned and signed a contract worth more than three times its original annual value.   

Complementing this, our relatively new partner program which is focused on enabling industry leading consultancies with the RAPid platform, is seeing its relationships broaden and deepen.  A clear example was the recent announcement by Genpact of the 'Genpact's Incubation Program' which includes Rosslyn as one of the key providers.  Elsewhere, another partner has successfully used the platform to extract data from 11 clients and analyse transactions worth in excess of $50 billion.   

Our progress and careful execution has been reflected in the Group's key metrics; our client acquisition rate is accelerating; the average cost of acquiring a new client is trending lower and the average lifetime contract value is trending upward. These metrics are underpinned by a client churn rate that remains below five per cent.  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. 

Enquiries:

Rosslyn Data Technologies plc	Charles Clark, Chief Executive Officer Roger Bullen, Chief Financial Officer	[phone]
Blytheweigh - Financial PR	Tim Blythe	[phone]
	Wendy Haowei	[phone]
Cenkos Securities - Nominated Advisor, Broker	Stephen Keys Camilla Hume	[phone]

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 per cent. of Rosslyn Analytics Limited.

Further information can also be found on the Company's website at: www.rosslynanalytics.com

 

END

 

 

TSTPKADQABDDFDD