- Marketing automation and customer engagement platform Dotdigital lifted its outlook on revenue and upped its dividend following strong performance.

'Following continued strong performance, the board now expects to deliver a greater rate of revenue growth this financial year versus current consensus expectations,' the company said.

For the year ended 30 June 2020, pre-tax profit rose to £11.8 million from £8.9 million year-on-year as organic revenue from continuing operations rose 12% to £47.4m. Recurring revenues, representing 91% of overall revenues, were 89%, of which about 90% was contracted, the company said.

The company proposed to pay a final dividend of 0.83p per ordinary share, up from 0.67p).

'We will continue to monitor and respond to the pandemic as it develops, but having made a positive start to FY 20/21 and with encouraging momentum in the business, we are confident in our ability to deliver another year of substantial growth and good progress against our strategy,' the company said.

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