Vault Intelligence Ltd (ASX:VLT) has confirmed $6.02 million contracted annualised recurring revenue (CARR) as at 30 June 2019.
The company originally revealed that it had attained the market guidance of $6 million earlier on 8 July 2019 and now an external review by auditor PwC has confirmed this achievement.
New agreements and extensions combined for $6.02 million CARR which includes record net new CARR for a quarter of $1.25 million.
Notably, this represents growth of more than 2.3 times the previous March quarter.
READ: Vault Intelligence shares surge after meeting revenue guidance through significant customer signings
Vault is a workforce management ecosystem designed to protect and manage workforces, with a host of time saving and efficient productivity tools.
Proactive last caught up with Vault following their March quarter result in April 2019.