StockMarketWire.com - Robotic process automation company Blue Prism Group said it expected to post a deeper annual loss than expected due increased investment spending, though sales had risen by more than hoped.

Sales for the year through October would be 'slightly' ahead of expectations after 'strong' sales momentum seen in the first half continued into the second.

Ebitda losses, however, would be larger than expectations 'due to continued investments into the group's growth strategy and increased sales commissions arising from the strong fourth quarter'.

Blue Prism said it secured 1,359 software deals during the 2018 financial year, more than double the 609 struck a year earlier.

The total customer base at the end of 2018 closed at 992, up from 477 at the end of 2017.




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