Osirium Technologies PLC (LON:OSIO) has confirmed that FY17 bookings intake was in line with market expectations. The company has seen a steady flow of new customer wins as well as renewals from existing customers. The recent launch of its first freemium product, PxM Express, should support further customer acquisition through the course of FY18.
The company confirms that bookings for FY17 were in line with market expectations. We are forecasting FY17 bookings of £882k (+63% y-o-y), with £445k already reported in H117. As well as benefiting from its ‘land and expand’ strategy, the company expects to see new business from its UK and international channel partners. We expect the company to report FY17 results in March.
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