The slowdown in growth that began to bite during H224 for Cambridge HQ’d productivity software provider, GetBusy plc carried through into the first half of the current financial year. Company turnover for the six months ended 30th June increased by just 4% yoy at constant currency to £10.74m (H124: 13%) of which 96% was recurring revenue. Adjusted EBITDA, however, continued on its upward trajectory. The metric improved by 150% yoy to £403k narrowing the business’s underlying loss for the period to just £8k (H124: £782k).
Duncan Aitchison is the Research Director at TechMarketView, a leading technology research and analysis firm in the United Kingdom. With a focus on the national market, Duncan writes articles covering the latest developments and trends in the technology industry, including acquisitions, partnerships, contract wins, and growth strategies of key players in the market.