Sopheon confident in meeting FY financial plans – Stock Market Wire

StockMarketWire.com – Sopheon said it has confidence in meeting its strategic and financial plans for the year.

FY revenue visibility for 2017 from contracted business and recurring revenue streams was now at $17.5m, versus just under $17.0m a year ago.

The revenue visibility included 20 license orders, up from 14 for the same period last year.

“This is a different mix compared to this time last year, which included a very substantial order from an existing enterprise tier customer,” the company said.

It added that this was further evidence of the increased adoption of the company’s software and services from a broader range of businesses, including several with expected upside revenue later this year.

Sopheon also continued its focus on working with and growing relationships with global blue chip customers such as Electrolux, PepsiCo, Proctor & Gamble and Merck.

“These factors, together with a strong sales pipeline, give the Board confidence in meeting our strategic and financial plans for the year, and in delivering continued positive development in our performance for 2017 and beyond.”

At 9:46am: [LON:SPE] Sopheon PLC share price was +3.5p at 366p

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