“Edison’s accessible and high-quality research gives us the opportunity to communicate an independent perspective of Tyman to a wide variety of potential stakeholders.”
In this interview ELMO Software’s CFO, James Haslam, introduces ELMO and its two key segments – ELMO, which serves the mid-market, and Breathe, which focuses on small businesses. He discusses the company’s recent results, which saw a return to strong organic growth with annualised recurring revenue (ARR) growing by 35% organically to A$98m, improved operating efficiencies, strong operating metrics and upgraded guidance. He discusses why management anticipates sustaining strong organic growth rates, with operational leverage expected to drive the company to an EBITDA-positive position for FY22. He rounds up by discussing the strategy for accelerating growth in new segments and geographies, and for adding new modules through strategic acquisitions.
ELMO Software (ASX:ELO) is a leading provider of cloud HR, payroll and expense management solutions for small and medium-sized businesses across Australia, New Zealand and the UK. Operating a SaaS subscription business model, the company has grown ARR at a CAGR of 48% over the past four years, with organic growth of 36% over the same period, supplemented by acquisitions to expand the company into new segments, geographies or product offerings.
Get access to the very latest content matched to your personal investment style.
