Blue Prism Group PLC Trading Update (4897X)
22 February 2017 - 6:01PM
UK Regulatory
TIDMPRSM
RNS Number : 4897X
Blue Prism Group PLC
22 February 2017
22 February 2017
Blue Prism Group plc
("Blue Prism" or the "Group")
Trading update
Blue Prism (AIM: PRSM), a global leader in Robotic Process
Automation ("RPA"), provides an update on trading subsequent to the
close of the first quarter of the 2017 financial year (the
"Period").
The Board is pleased to report that the positive trading
momentum detailed in the Group's full year results for the year
ended 31 October 2016 continued into the Period. Blue Prism secured
83 new software deals, of which 49 were new customers and 34 were
upsells to existing customers. All new deals were secured
indirectly via the Group's channel partners.
Taking into consideration the above trading performance in the
first quarter of the current financial year the Board now
anticipates revenue for the full year will be materially ahead of
existing market expectations.
Alastair Bathgate, CEO of Blue Prism, commented:
"We are pleased to report that the strong momentum we
experienced in 2016 has continued into the current financial year.
We have a strong pipeline and look forward to the remainder of 2017
with confidence."
For further information please contact:
Blue Prism Group plc via Newgate Communications
Jason Kingdon, Chairman
Alastair Bathgate, Chief
Executive Officer
Gary Johnson, Chief
Financial Officer
Investec Bank plc Tel: +44 (0)20 7597
Andrew Pinder 4000
Sebastian Lawrence
Carlton Nelson
Newgate Communications Tel: +44 (0)20 7653
Bob Huxford / Adam Lloyd 9850
/ James Browne
About Blue Prism
Blue Prism Group plc ("Blue Prism" or the "Group"), a
UK-headquartered global software company, is a leader in Robotic
Process Automation ("RPA"), which enables blue-chip organisations
to create a digital workforce powered by Blue Prism's software
robots that are trained to automate routine back-office clerical
tasks. The Group's enterprise-grade software enables the automation
of manual, rules-based, administrative processes to create a more
agile, cost effective and accurate back-office.
Blue Prism's RPA software delivers the world's most successful
digital workforce and has executed over 1 billion transactions for
our customers, which include Aegon, BNY Mellon, Commerzbank, IBM,
ING, Maersk, Nokia, Nordea, Procter & Gamble, Raiffeisen Bank,
Siemens, Westpac and Zurich. As at 31 October 2016, Blue Prism had
86 employees based out of offices in Newton le Willows and London
(UK) and Miami, Chicago, New York and San Francisco (US).
For more information visit www.blueprism.com and follow the
company on LinkedIn and Twitter.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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