The quality of Ideagen’s (IDEA)* top line improved during the six months to October 2019. Recurring revenues constituted nearly three-quarters of total sales, underpinned by strong software-as-a-service (SaaS) growth. Organic revenues were up by 7 per cent – more or less in line with the uptick seen a year earlier – and the group’s annual recurring revenue (ARR) book climbed by a fifth to £43.9m, signalling greater future visibility.
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