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intelliHR (ASX:IHR) reaches $5m ARR milestone

Technology
ASX:IHR
05 November 2021 14:19 (AEDT)
intelliHR (ASX:IHR) - Outgoing Founder and Managing Director, Rob Bromage

Source: intelliHR

intelliHR (IHR) has recorded a major milestone, with contracted annual recurring revenue (ARR) of $5.04 million and now claims 253 total contracted customers.

intelliHR is an Australian based HR technology company creating a cloud-based people management and data analytics platform.

The company’s Professional Services Revenue is now trending beyond $1 million per year.

It is within sight of its 50,000 subscriber target at 46,428 subscribers.

intelliHR Founder and Managing Director Rob Bromage said the milestones were a testament to the hard work of the team.

“Reaching the $5 million Contracted ARR milestone and 250 Contracted Customers is such a rewarding achievement for the team. It is testament to not only the quality of our product in a global marketplace, but the hard work, commitment and effort by all our team members,” he said.

“On the back of our strong distribution channel and global expansion success, our growth trajectory points towards an exciting end to the year.”

intelliHR spiked in early trade to 21.8 cents and have since retreated to the grey line around midday.

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