i-nexus Global PLC Result of AGM and current trading update (1707R)
February 27 2023 - 6:46AM
UK Regulatory
TIDMINX
RNS Number : 1707R
i-nexus Global PLC
27 February 2023
27 February 2023
i-nexus Global plc
("i-nexus", the "Company" or the "Group")
Result of AGM and current trading update
i-nexus Global plc (AIM: INX), a leading provider of cloud-based
Strategy Execution software solutions designed for the Global 5000,
is pleased to report that at the AGM today at 11.00 am all
resolutions were duly passed. The voting results will be available
on the Company's website by 4.00pm today.
The Company continues to make steady progress with the growth of
its customer base and remains on track to deliver another year of
double-digit growth in net monthly recurring revenue.
Since the start of the current financial year, ending 30
September 2023, the Company has secured four new logos, each with
considerable expansion potential, and expanded within three
customer accounts. Many of the nine customers secured last year are
in active discussions to increase usage of the platform and
renewals with existing customers are currently progressing well, in
line with the Board's expected retention targets.
The sales pipeline is strong, with multiple businesses in active
dialogue or trials, including some which are considerably larger
than previous deals.
The management team continue to carefully manage the cash
resources of the Group, in line with revenue growth, to ensure the
continued financial stability of the business.
The Board believes the market for i-nexus software continues to
expand, with an increasingly remote or hybrid workforce across
multiple industries driving the need for scalable, robust, digital
strategy execution tools. The Board is confident i-nexus is well
positioned, with a differentiated offering, to play a leadership
role in this maturing market and the management team are focused on
delivering a year of growth.
For further information please contact:
i-nexus Global plc Via: Alma PR
Simon Crowther, CEO
Drew Whibley, CFO
Singer Capital Markets (Nominated Tel: +44 (0)207 496
Adviser and Broker) 3000
Sandy Fraser / Alaina Wong (Corporate
Finance)
Tom Salvesen (Corporate Broking)
Alma PR Tel: +44 (0)203 405
Caroline Forde, Robyn Fisher 0205
About i-nexus Global plc
i-nexus Global plc ("i-nexus") helps organisations achieve their
goals. Whether executing a strategy, driving operational excellence
and continuous performance improvement, or coordinating portfolios
and programs to transform results, i-nexus strategy execution
software underpins success.
Today, we support organisations in managing over 200,000
strategic programmes around the world.
i-nexus transforms how organisations plan, execute, and track
goals. We inspire the confidence to leave behind the spreadsheets,
presentations and reports those organisations rely on, replacing it
with a cloud-based, collaborative solution.
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END
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