Gruden (ASX:GGL) delivers strong revenue growth

Highlights
    • $4.55m in revenue for the March 2017 quarter vs $3.73m in December 2016 quarter, representing a 22% increase
    • Brings the total (unaudited) revenue for the 9-month period to $12.3m, vs $9.2m for the same period last year, and vs $13m for the full financial year in 2016
    • Significant revenue from contracts won in Q1 and Q2 recognised in Q3 and further revenue recognition expected in the Q4 quarter and into FY18 and FY19
    • $1.8m in annualised cost reductions and continued revenue growth enables Gruden to continue to invest in the growth of its innovative mobileDEN platform
    • Company continues to secure contracts with blue chip clients for digital transformation projects representing its solid reputation and capabilities within the sector
ASX announcement

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For further information, please contact:

Media
Andrew Ramadage
Account Director
Media and Capital Partners
+ 61 475 797 471
andrew.ramadage@mcpartners.com.au

Investors
Tim Parker
CEO, The Gruden Group
+ 61 2 8256 5300
info@thegrudengroup.com