7 th December 2015: OtherLevels Holdings Limited (ASX: OLV) (OtherLevels) today announced that it is restructuring its US operations and consolidating headquarter activities, taking advantage of lower costs in Australia. Annualised cost savings are estimated to exceed AUD$ 1 million.
Renewals from existing customers using the platform for more than one year continue to grow with average annualised recurring revenue per customer growing to in excess of USD$ 130,000 per customer as at the end of November 2015.
This is very interesting. IMO this flags good cash management.
Add to My Watchlist
What is My Watchlist?