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Reckon achieved 10 per cent EBITDA growth last year, while total revenue cracked the $100 million mark for the first time.
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Reckon announces solid growth
11 February 2015
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Revenue reached $100.8 million for the year, a 3 per cent increase from 2013.
Chief executive Clive Rabie said the results reflect strong volume and profit growth, as well as re-investment in the business, consolidating an overall strong performance.
“In 2014, we stepped up our investment in the cloud by increasing our sales teams, enhancing our infrastructure and investing in product development,” he said.
“We anticipate that we will see higher revenue growth in 2015 and beyond from the ground work done over the last few years.
“We remain committed to re-investing some of this additional revenue growth into sustaining the long-term success of the business with a particular focus in further expanding our cloud capability and reach, as well as targeting new markets for our product range.”
Mr Rabie said he is excited about the opportunities that lie ahead in 2015.
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“Particularly, Reckon One is expected to be launched in the UK, while expansion into the US has commenced for our Virtual Cabinet product range. We anticipate continued success and progress in moving our practice management products into the cloud, with products like Sync Direct to gain even more momentum,” Mr Rabie said.
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