StockMarketWire.com - Digital learning platform Learning Technology said it expected annual revenue and earnings to be ahead of market expectations following a pandemic-led rise in demand for digital learning and talent management.

Revenue was forecast not less than £131.0 million, up from £130.1 million year-on-year, while recurring revenue growth increased to about 80% from 74%.

The uptick in recurring revenue was driven by the ongoing performance in the software & platforms division and the expansion of LTG's business in open-source learning management systems through the acquisitions of Open LMS, eCreators and eThink Education.

Adjusted EBIT was expected to be ahead of consensus and not less than £40.0 million, up from £41.0 million.



LTG was expected to publish full year results on 25 March 2021.








Story provided by StockMarketWire.com