Serko chalks up another year of 28% sales growth, profit dips on acquisition adjustment

Tue, 21 May 2019

By Paul McBeth May 22 (BusinessDesk) - Serko lifted annual revenue 28 percent for a second straight year as it beds itself into new North American markets, although profit declined on fair value adjustments to earn-outs on its InterplX acquisition. The online travel booking software developer lifted operating revenue to $23.4 million in the 12 months ended March 31 from $18.3 million a year earlier, at the upper end of its guidance for 20-30 percent revenue growth. That included a $900,000 contribution from its new Minneapolis-based expe...

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