(By Anthony Miller – Monday 22nd June 2009 8:15am). Favourable foreign exchange rates helped logistics software company, Kewill, show 5% revenue growth for the year to 31st March to £53m, though at constant currencies this was an 8% revenue decline (see here). Even with the FX boost, operating margins fell from 4.6% to 3.7%, rather pitiful for a software play. SaaS/Hosting revenues are now 32% of the mix (FY07: 27%), bringing recurring revenue contribution up to 59%. The prelims statement was unusually brief (sans notes) so we will write more after this morning’s briefing.
Monday 22 June 2009
Currencies help Kewill’s revenues but not margins
(By Anthony Miller – Monday 22nd June 2009 8:15am). Favourable foreign exchange rates helped logistics software company, Kewill, show 5% revenue growth for the year to 31st March to £53m, though at constant currencies this was an 8% revenue decline (see here). Even with the FX boost, operating margins fell from 4.6% to 3.7%, rather pitiful for a software play. SaaS/Hosting revenues are now 32% of the mix (FY07: 27%), bringing recurring revenue contribution up to 59%. The prelims statement was unusually brief (sans notes) so we will write more after this morning’s briefing.
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