Result of AGM and current trading updateSource: RNS
27 February 2023
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 4.00pm today.
The Company continues to make steady progress with the growth of its customer base and remains on track to deliver another year of double-digit growth in net monthly recurring revenue.
Since the start of the current financial year, ending 30 September 2023, the Company has secured four new logos, each with considerable expansion potential, and expanded within three customer accounts. Many of the nine customers secured last year are in active discussions to increase usage of the platform and renewals with existing customers are currently progressing well, in line with the Board's expected retention targets.
The sales pipeline is strong, with multiple businesses in active dialogue or trials, including some which are considerably larger than previous deals.
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.
The Board believes the market for i-nexus software continues to expand, with an increasingly remote or hybrid workforce across multiple industries driving 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
Drew Whibley, 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
Caroline Forde, Robyn Fisher
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.