Reckon Ltd T.RKN

Primary Symbol: RKNLF

Technology Software - Application

Reckon Limited is an Australia-based software company that provides software for accountants, bookkeepers, lawyers, small and medium enterprises (SMEs) and personal users. The Company’s divisions include Business Group and Legal Practice Management Group. Business Group provides accounting and payroll software for small to larger sized businesses and personal wealth management software branded as Reckon One, Reckon Mobile and Reckon Accounts Hosted (cloud products), Reckon Accounts Business and Reckon Accounts Personal respectively. The divisions operate predominantly in Australia and New Zealand. Legal Practice Management Group provides practice management software and workflow solutions to legal firms for document scanning and routing, print management and cost recovery solutions under the nQZebraworks brand, with a focus on releasing new cloud practice management products. It operates predominantly in the United States and United Kingdom, with re-sellers in other parts of the world.

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Reckon Ltd

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Post by west12on Feb 04, 2015 5:09pm

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Post# 23396715

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TORONTO, Feb. 4, 2015 /CNW/ - Redknee Solutions Inc. (TSX: RKN) a leading provider of real-time monetization and subscriber management software, reported results for its fiscal first quarter ended December 31, 2014. All figures are in U.S. dollars.

Fiscal Q1 2015 Financial Highlights
(Comparisons made between fiscal Q1 FY2015 and fiscal Q1 FY2014 results, unless otherwise noted)

Revenue totaled $62.6 million, up 4% from $60.4 million
Gross profit was $36.6 million (58% of total revenue) compared to $33.0 million (55% of total revenue)
Adjusted EBITDA of $11.0 million (18% of total revenue) versus Adjusted EBITDA of $5.4 million (9% of total revenue)
Net income totaled $2.0 million or $0.02 income per share versus a net loss of $3.1 million or $0.03 loss per share
Total cash at December 31, 2014 was $101.5 million
Order backlog of $171.0 million at December 31, 2014.

Fiscal Q1 2015 Operational Highlights

Announced a multi-million dollar contract with Omantel to support its 4G/LTE network
Enabled a service provider in the Americas to rapidly launch a new MVNO brand in weeks with minimal investment and no customization
Announced a strategic multi-year, multi-million dollar order with a leading APAC enterprise to support its introduction of an advanced real-time loyalty points and rewards program
Announced multi-million dollar customer orders throughout the quarter in APAC and EMEA
Recognized as the best BSS/OSS provider by Telecom Review
Highlighted by Deloitte as one of the 500 fastest growing companies in the North America Region in 2014
Supported SingTel Optus Wholesale to deliver a scalable turnkey billing solution to meet their future growth demands using Redknee"s fully managed, cloud-based software
151 patents granted and 41 patents filed