In a trading statement, the company said its revenue in the year to end-June grew between 31% and 33%, below the 40% growth expected, due to a faster shift to its subscription model and the lower up-front revenue that entails.
The company said it expects revenue growth of at least 25% in the current financial year, but it retaining its longer-term guidance, including its expectation that it will achieve profitability in fiscal 2016.
The stock was down 19% at
It said its loss before interest, tax, depreciation and amortisation will be between
"There were a small number of larger contracts that either have been or are being negotiated on a longer term subscription basis. They were previously expected to be signed before the year end with a large up-front licence component. Had this occurred,
Still, the company's metrics continues to improve.
The company said it has 30 million registered end-users on its Bank, Pay and Buy platforms in June, up from 28 million in February. Live transactions through its platforms hit 4 billion in June an an annualised basis, up from 2.4 billion a year earlier. Payments and transfers initiated via
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