ActiveOps secures new client wins and contract expansions in H1

Software firm ActiveOps said on Wednesday that it had secured new client wins and contract expansions across all target regions and sectors, including the company's first enterprise-level up-sale of its WorkiQ offering into an existing ControliQ customer.

  • ActiveOps
  • 28 March 2024 17:21:55

Source: Sharecast

ActiveOps stated a "leading North American banking customer" had inked an enterprise-scale licence for the group's WorkiQ product, the first of its top-ten customers to take a WorkiQ licence at scale, something the company said demonstrated the upsell potential for its newer WorkiQ offering.

In regards to new logo wins in the first half, the AIM-listed firm said they had "been strong", adding an unnamed "large insurer and a healthcare payer" in the US and in a "major BPO, an investment management firm and a global consulting and services group" in the UK.

ActiveOps also said many of its largest customers had expanded their use of ControliQ in the period, including three of the UK's leading high street banks, while one of its Australian banking customers transitioned from an annual licence for ControliQ to a multi-year contract, increasing revenue visibility.

Chief executive Richard Jeffery said: "With many organisations beginning the transition to new working arrangements involving home and office working, hybrid working solutions are at the forefront of many managers' minds. This complexity of managing the challenges of work and capacity shows no signs of abating, and only amplifies the pressure and stress on critical back-office operations.

"We know that the combined insights, visibility and productivity provided by our ControliQ and WorkiQ products are standing our customers in good stead as they navigate this period of significant further change in the world of work. This is seen both in increased scale of our involvement with existing customers and in the level of new sales as organisations seek better orchestration of their work and resources in the face of new challenges."

As of 0945 BST, ActiveOps shares had shot up 10.19% to 176.30p.

N/A

Isin: N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes

Compare our accounts

Whether you're looking for a Share Dealing Account or Share Dealing ISA, we've got an account to suit your needs.

Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2024 Refinitiv, an LSEG business. All rights reserved.