Reckon Limited Reports Strong Cloud Growth and Strategic Expansion
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Reckon Limited reported a 5% increase in Annual Recurring Revenue (ARR) and stable financial performance, driven by a 7% growth in cloud revenue for its Business Group and a 13% increase in ARR for its Legal Group. The company is investing in transitioning clients to its Reckon One platform and expanding its Legal Group through acquisition, aiming to enhance market position and drive future growth in cloud revenue and subscription services. Current market cap is €38.17M, with a year-to-date price performance of -6.47%.
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