Markets

Vista Group passes $100m annual recurring revenue

Jenny Ruth
Fri, 27 May 2022

Vista Group passes $100m annual recurring revenue
Chief financial officer Matt Cawte doesn't think locking in customers is a great strategy. (Image: Vista Group)
Jenny Ruth
Fri, 27 May 2022
Vista Group said its annual recurring revenue reached $100 million for the first time in the current quarter.Chief financial officer Matt Cawte told the annual shareholders' meeting this is a first for Vista and ahead of target – he stepped in for chief executive Kimbal Riley who has covid-19."This has been helped by good box office and strong underlying customer activity," Cawte said.The up to $US6.5m (NZ$10m) purchase of the Retriever business will add about $3m to the top line by the end of the current year and the lower...

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