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- Growth in AppsVillage has accelerated significantly and the company expects to deliver record results in the December quarter
- The company has achieved a key milestone of reaching 5000 paying customers
- This strong performance reflects the impact of enhanced service offering and entry into new high growth markets
- AppsVillage is up an even 10 per cent with shares trading for 27.5 cents apiece
Growth in AppsVillage has accelerated significantly and the company expects to deliver record results in the December quarter.
Additionally, AppsVillage has seen a significant acceleration in key growth metrics so far into the December quarter.
This includes recurring revenues and the number of paying SMB (small-to-medium business) customers.
AppsVillage has established a strong growth trajectory and has announced that it has achieved a key milestone of reaching 5000 paying SMB customers.
The company is confident that it will continue to deliver strong customer growth and expects its number of paying SMB customers to grow by 40 per cent in the December quarter, bringing the annual growth rate to over 200 per cent since the beginning of the year.
This strong operational and financial performance follows AppsVillage’s strategic expansion into large emerging markets including Malaysia, the Philippines and multiple countries in Africa.
AppsVillage provides an easy and inexpensive SaaS (software as a service) solution that allows SMBs to create and manage their own mobile application as a way of connecting with their customers and growing the business.
The technology boasts the automated design, development, marketing and maintenance of mobile apps. It allows users to build, preview and launch their own app without any code writing or digital marketing knowledge.
This growth demonstrates AppsVillage’s commitment to delivering on its growth strategy of undertaking strategic commercial and operational expansion to deliver revenue growth and become a leading SMB growth solutions provider.
AppsVillage is up an even 10 per cent this morning with shares trading for 27.5 cents apiece at 11:28 am AEDT.
