RPM Global Holdings Limited (ASX: RUL) has reported impressive financial performance for Q1-FY24. The company's software sales soared, reaching AU$13.2 million, a 154% increase from Q1-FY23. Annually recurring revenue from software license and maintenance hit AU$56.0 million, with an additional AU$133.4 million in pre-contracted revenue for future years. Notably, RPM Global signed a global framework agreement (GFA) with a major tier-1 miner during this period, facilitating swift software purchases until December 2028.
This agreement led to an AU$2.27 million software subscription order and an AU$6.36 million commitment, bolstering their global software solutions. The Advisory division exceeded expectations, with the Book of Work balance rising by 32% to AU$24.2 million. Advisory service sales amounted to AU$15.8 million, a 71% increase from Q1-FY23, driven by long-term partnerships and a rising demand for battery and critical mineral financing support, indicating a promising outlook for the company.
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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.
