Ideagen (IDEA) expects to report revenue up by more than a fifth to approximately £56.6m in its financial year ended in April, compared with £46.7m last year.
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Annual recurring revenue (ARR) recognised during the year is expected to be around £43m, growing to 76 per cent of total sales from 67 per cent in the year prior. The ARR book at the end of April was up by more than a third to around £48.7m, which management attributed to strong organic growth on the previous year and ARR gained from three acquisitions made within the year.