The boss of Blue Prism has said that the software developer has made strong progress in the start of its financial year with sales momentum continuing to build.
In interim results for the six months to 30 April 2017, Blue Prism grew recognised revenue by 133 per cent to £9.3m with recurring revenue accounting for 91 per cent of the total.
The Newton-le-Willows-headquartered business, which is developing robots that are trained to automate routine back-office clerical tasks, said sales growth in the last six months had been “encouraging”.
Investment, primarily within sales and marketing, led to the business reporting an adjusted EBITDA loss of £2.7m in the first half.
Chief executive Alastair Bathgate said: “We have made strong progress during the first half and are pleased to see the sales momentum within our business continue to build.”
He added: “Our strong, differentiated and widely applicable product, highly motivated and talented team and global partner and customer relationships make for a strong foundation to build upon.”