The LiveTiles Ltd (ASX: LVT) share price has risen another 2.7% so far after revealing its March 2019 update.
LiveTiles is a software business which is headquartered in New York with operations in the US, Europe and Australia. LiveTiles provides workplace software for the commercial, government and education markets, and is an award-winning Microsoft partner.
Here’s What Was Inside The March 2019 LiveTiles Update
LiveTiles reported that its annualised recurring revenue has grown by 208% over the past 12 months to $34.5 million.
A sizeable portion, around $8.4 million, of the increase came about from the Wizdom acquisition, which is also a Microsoft-aligned digital workplace business and has a strong presence in Europe.
Some of the clients it won during the March quarter included a US global investment manager, a large US life insurance company, one of the world’s largest pharmaceutical companies based in Europe and a major financial services institution in Australia.
With the company aiming for $100 million of annualised recurring revenue by June 2021, LiveTiles could be one to watch, as well as the small ASX growth shares mentioned in the report below.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.