Ann: Alcidion H1 FY2023 Results, page-3

No surprises to the numbers announced this morning.

The main positives for me are:

• increased transparency over the extent of organic growth (excluding Silverlink), Organic revenue growth of 22% in the face of economic headwinds and challenges in our biggest market is pretty impressive.
• Continued strong growth in recurring revenue which has had a flow on positive impact on gross margin

Kudos to Alcidion to taking on board shareholders' feedback to increase information transparency and allowing us to better understand the underlying operational/financial performance.