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There are few software companies able to consistently double their size every two years while maintaining profitable growth but as it released FY22 results, UK HQ’d SME business management software specialist The Access Group demonstrated that this is what it has done and continues to do.
Financial results for the year ending 30th June 2022 showed reported revenue of £618m vs. £392m. On a pro forma basis revenue reached £685m, representing 43% growth and demonstrating its on-going ability to deliver organic growth alongside the inorganic gains from the 20 acquisitions completed during FY22. Organic growth reached 17% compared to 10% in the prior year. Growing remains profitable too: pro forma Adjusted EBITDAC was £256m, a 42% yoy increase. On a reported basis adjusted EBITDA rose 60% to £258m.
Check out Doubling Access Group doubles again in HotViewsExtra for our analysis of what is behind Access’ on-going success and observations on its public sector prospects through its developing Health, Care and Support division.
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Posted by Angela Eager at '08:41' - Tagged: results software
