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Rosslyn Data Technologies expects Brexit boost for Langdon's arm

A new contract with a rail rolling stock maker and worth £410,000 over a three-year has started to contribute

Rosslyn Data Technologies PLC -

Rosslyn Data Technologies PLC (LON:RDT) expects results this year to hit market expectations even with a slow start to the year for the big data specialist and some order deferrals in its professional services division.

A new contract with a rail rolling stock maker and worth £410,000 over a three-year term has started to contribute, while customs planning for Brexit is giving a boost to the Langdons supply chain data business acquired last September.

Rosslyn now expects the Langdon retained annual recurring revenue (ARR) to be in excess of £400,000, which should rise as contracts are renewed.

Roger Bullen, Rosslyn chief executive, said: "We continue to focus our attention on building out our client base with sustainable ARR, ensuring that gross margins are in line with our expectations."

“The Langdon acquisition, although not delivering significant profitability in the first 9 - 12 months, has an extremely loyal customer base with low churn rates and provides a significant cross-selling opportunity. We expect the ARR achieved from Langdon to increase in the next half year as we face Brexit and the new customs declaration system upgrade," he added. 

Quick facts: Rosslyn Data Technologies PLC

Price: 5.15 GBX

AIM:RDT
Market: AIM
Market Cap: £17.45 m
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Investor Update: Rosslyn Data Technologies grows revenues and generates cash

Top stories from the Proactive Investors UK newsroom: Rosslyn Data Technologies PLC (LON:RDT) cut its operating losses by 75% in the last financial year, while also turning cash generative and, according to the company, is well-positioned in the current year. In a trading update ahead of...

on 29/5/19

2 min read