- intelliHR (IHR) has given a glimpse of its third quarter results, posting record growth for the quarter to date
- The HR tech company reported contracted annual reassuring revenue at $6.5 million, representing an 162 per cent year-on-year growth
- 92 per cent of the third quarter revenue growth was being generated from customers outside Australia
- IHR has signed its 300 customers, Mitre 10 New Zealand, which is a “meaningful win” for the company
- IHR shares are up 21.4 per cent and trading at 17 cents per share
intelliHR (IHR) has given a glimpse of its third-quarter results, posting record growth for the quarter to date.
The HR tech company reported contracted annual reassuring revenue at $6.5 million, representing a 162 per cent year-on-year growth, with further conversions expected.
Notably, 92 per cent of the third-quarter revenue growth was being generated from customers outside Australia.
IHR has exceeded 60,000 subscribers for the first time and customers have grown to a milestone of 300.
Over the period, the company signed an agreement with Mitre 10 New Zealand for an initial three years, with a further three years to extend, supporting its 7750 team members.
“Mitre 10 NZ is a very meaningful win for intelliHR, our 300th customer,” Executive Chair Matthew Donovan said.
“They are a fantastic business and household name, with a talented and hardworking
workforce. It underlines the momentum that Rob Bromage and team have been generating around our home region, not only around the world.”
On Monday, the company made changes to its board and senior executives. This included appointing Mr Donovan as Executive Chair.
On the market today, IHR shares are up 21.4 per cent and trading at 17 cents per share at 12:25 pm AEDT.