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.
Ann: Alcidion H1 FY2023 Results, page-3
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