Published on: June 8, 2020
The software-led strategy continues to deliver
Amino’s trading update for the six months ending May 2020 in our view demonstrates that the group’s software-led strategy continues to deliver. The period saw a 10% YoY revenue increase, driven by impressive growth in software and services revenues (+172% YoY). The group’s financial position remains robust, with $16.7m of financial headroom. With visibility on the pipeline currently good, we leave forecasts unchanged. However, uncertainty on the H2 20E outlook clearly remains. Overall, we continue to believe Amino is well placed to face the challenges arising from COVID-19.
