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Prophecy International Holdings Limited’s shares ride higher on achieving significant revenue growth

Telstra/Genesys relationship has resulted in 39 new customers added in H1.
rising sales chart
Revenue growth of 24% against the same period last year

Prophecy International Holdings Limited’s (ASX:PRO) shares are trading circa 16% higher at $0.69 following a strong improvement in revenue for the first half of FY2018 over H1 FY2017.

The Adelaide based company’s preliminary H1 unaudited financials point towards sales revenue of circa $5.89 million with earnings before interest and tax (EBIT) of circa $1.06 million.

Revenue growth of 24%

This represents a revenue growth of 24% against the same period last year for the combined Snare and eMite businesses and an increase of 58% in EBIT vs H1 2017.

Prophecy operates across three areas – customer experience (CX) intelligence, IT ops intelligence and cybersecurity threat intelligence leveraging the power of software from the eMite and Snare products.

The company is witnessing a significantly increased contribution from eMite, based primarily on the relationships with Telstra Corporation Ltd (ASX:TLS) and Genesys.

The Telstra/Genesys relationship has resulted in 39 new customers added in H1 and has driven investment in new sales resources to address the growing market opportunity.

Prophecy has added integration with Amazon

The eMite CX Intelligence platform enables customers to gain real-time insight into their business operations, correlating and aggregating data from multiple systems like PureCloud by Genesys.

Prophecy has also added integration with Amazon Lex this year and presented alongside Amazon and Genesys at the Amazon Excite event in Las Vegas.

On the cybersecurity side, the company continues to see strong demand for robust, enterprise-grade logging and log management.

The company’s logging and log management solutions are used in the largest government and defence agencies around the world, as well as in some of the largest banks, utilities, health providers and in retail.

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Prophecy International Holdings Timeline

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