PEXA International revenues got disrupted! It should have been higher.
From Page 9 of Commentary:
However, Optima's revenue performed at a lower rate than typical for the business. This was for two reasons
Firstly, there was a marked post-January slow-down in overall market remortgage activity as
banks and consumers digested the effects of the Bank of England's changes to monetary policy.
Secondly, as widely noted at the time, Capita plc suffered from a range of technology-related issues around the end of the third fiscal quarter. As a former member of the Capita group
still consuming Capita-related services, Optima was also impacted by these issues.
The combined revenue effect of these issues was around $5-6m in the period, noting that
we have lodged a claim for the Capita technology-related issues with our insurers.
Ann: PEXA Group FY23 Investor Presentation Commentary, page-2
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