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UK-based asset finance specialist, Alfa Financial Software, has released a trading statement for the first three months of 2025 highlighting strong revenue growth and a healthy sales pipeline. The update for the quarter ended 31 March 2025 revealed that Q1 revenue grew by 20% year-on-year to £31m (up 21% on a constant currency basis)
After closing out FY24 strongly with total revenue up 8% and subscription revenue up 18% Alfa enjoyed continued strong sequential growth in Subscription revenue, up 6% on Q4 FY24 and 21% versus Q1 FY24. Software Engineering revenue was up 79% versus Q1FY24 following a shift back to client-led enhancement work in H2 FY24. Delivery revenues grew 8% versus Q1 FY24 whilst Q1 TCV reached a record £227m, versus £190m in Q1 FY24.
Alongside the update, Alfa’s CEO, Andrew Denton expressed his confidence in the overall strength of the company’s pipeline with recruitment continuing across the UK, Europe and the US to accommodate the growing demand. Denton also indicated that US tariffs have had no direct impact on Alfa's business and that it had so far experienced no change in buyer behaviour. As a result, Alfa’s management continues to believe that the underlying market conditions for continued growth remain positive.
Posted by: Jon C Davies at 09:29