Comments after the Half Year 2020 results:
“H1 2020 has been a unique period for every business across the world. I am very grateful to our versatile, dedicated and highly talented team for the way they have risen to the numerous operational and market challenges of the last 6 months, proving the resilience of our subscription business model with 18% growth in recurring revenue.
“The rapid changes to people's working lives accelerate trends towards fully digitised, paperless work practices that our document management products enable. The surge in remote working requires anew software toolset for many organisations and each of our products is a component of that toolset.
“In H2 we will capitalise on the enhanced growth opportunities that are in front of us, starting a program of accelerated investment in product capabilities and growth within our highly scalableSmartVault business to drive sustained growth in shareholder value over the coming years.”