Brief: QPR Software Announces New Strategy

QPR Software Oyj

10/03/2022 08:07

March 10 (Reuters) - QPR Software Plc  QPR1V.HE :
    * REG-QPR SOFTWARE ANNOUNCES NEW STRATEGY – INCREASED
INVESTMENT
IN THE GROWTH OF THE PROCESS MINING SAAS BUSINESS
INTERNATIONALLY AND CREATING NEW ECOSYSTEMS
    * AIMS TO INCREASE VALUE THAT IT GENERATES FOR ITS CUSTOMERS
AND
SUPPORT GROWTH THROUGH A CONCENTRATED FOCUS.
    * COMPARED TO 2021, COMPANY AIMS TO DOUBLE ANNUAL RECURRING
SAAS
REVENUES FROM PROCESS MINING OVER NEXT TWO YEAR
    * ADHERING TO RENEWED STRATEGY 2022 - 2026, COMPANY WILL
FOCUS ON
INTERNATIONAL GROWTH OF PROCESS MINING SAAS (SOFTWARE AS A
SERVICE) BUSINESS
    * MARKET SIZE IS EXPECTED TO GROW 40 - 50% IN 2022.
    * CONSULTING WILL CONTINUE TO BE A KEY PART OF QPR'S
OFFERING
WHEREIN COMPANY AIMS TO SHIFT TOWARDS TOOL-AGNOSTIC CONSULTING
SERVICES.
    * CONSULTING BUSINESS IS EXPECTED TO GROW STEADILY
THROUGHOUT
STRATEGY PERIOD.
    * AIMS TO REMAIN EBITDA-POSITIVE THROUGHOUT STRATEGY PERIOD
AND
ACHIEVE A POSITIVE OPERATING RESULT BY END OF 2024.
    * GUIDANCE FOR 2022 (UNCHANGED)
    * COMPANY'S SECONDARY TARGET IS TO GROW COMPANY'S ANNUAL NET
SALES
AT A HIGH SINGLE-DIGIT PERCENTAGE THROUGHOUT STRATEGY PERIOD.
    * AIMS TO INCREASE ITS ANNUAL NET SALES AT A HIGH
SINGLE-DIGIT
PERCENTAGE THROUGHOUT STRATEGY CYCLE 2022 - 2026
    * WILL INCREASE INVESTMENTS IN ITS SAAS BUSINESS TO
ACCELERATE
GROWTH AND ACHIEVE MORE THAN AN 30% INCREASE IN CAGR IN SAAS
BUSINESS DURING STRATEGY PERIOD (2022 - 2026)
    * COMPARED TO 2021, COMPANY AIMS TO DOUBLE ANNUAL RECURRING
SAAS
REVENUES FROM PROCESS MINING OVER NEXT TWO YEARS

Source text for Eikon:  ID:nGNEb3t3fV 
Further company coverage:  QPR1V.HE 

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