StockMarketWire.com - Marketing automation platform dotdigital reported 'strong' growth in revenue and profit, driven by its organic growth strategy and the addition of omni-channel functionality.

For the year ended 30 June 2019, adjusted earnings (EBITDA) from continuing operations grew 24% to £14.7m and revenues grew 19% to £51.3m from a year earlier.

The uptick in growth comes as the company reported that recurring revenue increased 39%, driven by enhanced product functionality.

The average revenue per user, or ARPU, grew 14%, increasing from £845 per month to £966 per month.

Looking ahead with momentum continuing into the new financial year, management remained confident in its expectations for 2020, the company said.


At 9:29am: [LON:DOTD] dotDigital Group share price was +5.7p at 96.7p



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