RNS Number : 0388D
i-nexus Global PLC
28 February 2022
 

28 February 2022

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 2.00pm today.

 

The Company is also pleased to report on continued positive progress in line with our previous statements.  The sales pipeline continues to develop with solid new opportunities being created monthly and the improved conversion metrics described in the Final Results statement have continued.  This includes two further new customer wins, bringing the total number of wins in the first half of the year so far to five, a considerable improvement on the comparable period of the prior year. The business is once again achieving quarter on quarter growth in monthly recurring revenue. The Company has secured a high level of customer renewals, in line with management expectations and has already hit management's half year target for services revenue.

 

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, achieving regular underlying cash neutrality.

 

The Company believes the market for i-nexus software continues to expand, with the pandemic highlighting 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

Simon Crowther, CEO

Alyson Levett, CFO

 

Via: Alma PR 

Singer Capital Markets (Nominated Adviser and Broker)

Sandy Fraser / Alaina Wong (Corporate Finance)

Tom Salvesen (Corporate Broking)

 

Tel: +44 (0)207 496 3000

Alma PR

Caroline Forde

Tel: +44 (0)203 405 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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