UK's ActiveOps says major customer contract non-renewal to hurt FY28 revenue
UK's ActiveOps says major customer contract non-renewal to hurt FY28 revenue
Overview
UK Decision Intelligence software firm's H1 FY27 revenue rose 21%, including a one-off receipt
Company says H1 FY27 trading was in line with board expectations
Major customer plans not to renew contract in March 2027, affecting FY28 outlook
Outlook
Company maintains FY27 guidance, expecting results in line with current company-compiled market expectations
Company expects FY28 revenue and adjusted EBITDA to be significantly below company-compiled market expectations
Company removes £3.8 mln of anticipated FY28 revenue due to major customer contract non-renewal
Result Drivers
ONE-OFF RECEIPT - H1 FY27 revenue growth was boosted by a £1.5m termination receipt
SAAS EXPANSION - Organic SaaS revenue grew 19%, supported by expansion sales and new customer go-lives
REGIONAL GROWTH - Strong revenue growth in Canada, Africa and APAC regions
Company press release: ID:nRSL5290Ya
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 25.3 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Activeops PLC is GBp310.00, about 37.8% above its October 9 closing price of GBp225.00
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)