RPMGlobal Holdings Limited (ASX: RUL) has provided an update on its software sales and expected EBITDA for FY2023. Total Contracted Value (TCV) from software sales increased by AU$14.3 million (25.4%) to AU$70.5 million, with subscription sales accounting for AU$65.8 million, perpetual sales at AU$2.9 million, and new maintenance revenue at AU$1.8 million. The company's pre-contracted software revenue stands at AU$126 million, showing an AU$31 million (32%) increase from the previous year.
The TCV in software subscription sales is expected to generate AU$11 million in Annually Recurring Revenue (ARR), contributing to a total ARR value of AU$55 million. The Advisory team is projected to contribute AU$6.3 million, a 54% increase from FY2022. The anticipated Operating EBITDA is AU$15 million, comparable to the February guidance, with an expected total of AU$12 million after management incentives. As of June 30, 2023, the company holds AU$34.7 million in cash with no debt, after allocating funds for share buybacks and acquisitions.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
