Strong First-Half Performance Drives Confidence in Alfa Financial Software
Alfa Financial Software announced on Thursday that it remains confident in meeting its full-year expectations, buoyed by a robust first-half performance and a promising pipeline for the upcoming months.
Continued Momentum and Development Focus
Alfa highlighted that the momentum from the first quarter continued into the second, emphasizing that chargeable development days will be more concentrated in the first half of this year, with a focus on product development in the latter half. As a leading provider of software for the asset-finance industry, Alfa experienced double-digit growth in subscription revenue during the first half, coupled with significant progress in services. This growth can be attributed, in part, to the expansion of their workforce over the past year. Additionally, Alfa affirmed that cash generation remains strong.
Solid Pipeline and Confidence in Full-Year Expectations
Alfa Financial Software stated that its pipeline for the coming months remains strong, further instilling confidence in achieving their full-year expectations. Chief Executive, Andrew Denton, expressed his confidence in the company’s future, citing the strength of their order book, sales execution, and pipeline.
Upcoming First-Half Results Announcement
Alfa is set to report its first-half results on August 31st.