Blue Prism (PRSM LN, BUY, 2000p) - Substantial upgrades to forecasts and price target
Following on from their trading statement in November 2017, Blue Prism today announced its Year to October Full Year numbers. They reported revenues of £24.5m vs exp £24m. Adj EBITDA loss was £8.3m vs exp loss £7.2m.Blue Prism Group is a global software company. Co. is engaged in Robotic Process Automation which enables blue-chip organizations to create a digital workforce powered by Co.'s software robots that are trained to automate routine back-office clerical tasks. Co.'s enterprise-grade software enables the automation of manual, rules-based, administrative processes. Co. is engaged in licensing, which involves the provision of software licenses, where the agreement is established of a legally binding contract between Co. and its customers. Co. is also engaged in services and training, where the customer requires consultancy or training on a project by project basis.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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