Shares in ActiveOps PLC (AIM:AOM)surged 22% after the software group reported a sharp rise in first-half revenue and said full-year results would come in comfortably ahead of expectations.
For the six months to 30 September, revenue rose about 45% to £20.8 million, or 50% at constant exchange rates, driven by strong organic growth and the acquisition of Enlighten, a workforce optimisation software firm.
Organic revenue climbed 34% to £18.7 million as new customer wins and contract expansions boosted performance across all regions.
Annual recurring revenue increased 55% to £40.6 million, with organic growth of 27% and net revenue retention improving to 116%, meaning customers are spending more over time.
Software-as-a-service revenue grew 33% to £17.3 million, underscoring the scalability of the group’s ControliQ, WorkiQ and CaseworkiQ platforms.
The company expects double-digit earnings growth and higher pre-tax profits for the half year, though integration costs from Enlighten will weigh on full-year results before cost synergies flow through in 2027.
ActiveOps remains debt-free with £13.3 million in cash after funding the £5.5 million Enlighten deal.
Executive chair Richard Jeffery said the first half showed “continued organic growth, strong cash performance and growing customer confidence in our platform,” adding that integration of Enlighten was progressing well.
Mid-morning, the shares were up 37p at 207p.