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Alfa Financial Software Holdings Q1 Revenue Rises 20%; Confirms Annual Outlook

Alfa Financial Software Holdings PLC (ALFA.L), a developer of mission-critical software for the asset finance industry, Tuesday said its revenue for the first quarter increased 20% to 31 million pounds, driven by growth in all segments.

For the quarter, Subscription revenues grew 21%, Software Engineering revenues were up 79%, and Delivery revenues increased 8% from last year.

Looking ahead, Andrew Denton, Chief Executive Officer said, "We have seen no change in customer buying behaviour as a result of current macro-economic uncertainty and we are well positioned to achieve our expectations for the year."

by RTTNews Staff Writer

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