Agillic – Presentation of Q2 results and H1 report 2023

Name: Agillic – Presentation of Q2 results and H1 report 2023
Uploaded: 2023-08-25T14:00:00.000Z
Description: This Thursday, Agillic released its Q2/H1 2023 results which showed a revenue growth and ARR growth of approx. 10% and 3%, respectively. Longer sales cycles and a decline in ARR transactions resulted in a downgrade in its revenue and ARR guidance for 2023. EBITDA guidance remained unchanged.

AGILC25.08.2023, 11.00

HC Andersen Capital

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This Thursday, Agillic released its Q2/H1 2023 results which showed a revenue growth and ARR growth of approx. 10% and 3%, respectively. Longer sales cycles and a decline in ARR transactions resulted in a downgrade in its revenue and ARR guidance for 2023. EBITDA guidance remained unchanged.

In a virtual live event, Agillic's CEO Emre Gürsoy and CFO Claus Boysen presented the results and the reason for the top-line downgrade. The management also looked into why the current slower momentum should not be seen as a sign of lower long-term growth potential.

Disclaimer: HC Andersen Capital receives payment from Agillic for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 16:52, 25 August 2023.

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