Total
0
Shares
intelliHR (ASX:IHR) - CEO, Rob Bromage
CEO, Rob Bromage
Source: intelliHR
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • intelliHR (IHR) surpasses 50,000 contracted subscribers and welcomes a record number of contracted customers in the second quarter, so far
  • The human resources tech company has onboarded 36 new customers, taking the total number to 272 — a major growth from the 146 contracted customers this time last year
  • The customer wins include four enterprise customers with one being sourced through a recently signed reseller partnership with UK-based payroll software company, Cintra
  • intelliHR has also brought in $1.1 million of customer revenue and expects to continue the momentum
  • Company shares have been trading up 2.7 per cent at 19 cents

intelliHR (IHR) has surpassed the 50,000 contracted subscriber milestone with 50,174 total subscribers.

Additionally, the company has welcomed 36 new customers in the second quarter to date, which takes the total number of contracted customers to 272. This marks a significant year-on-year growth from the 146 contracted customers this time last year.

The result also led to intelliHR experiencing its strongest quarterly sales growth to date, with $1.1 million brought in by customer revenue.

Total contracted annualised recurring revenue has risen to $5.5 million and with annualised last 90 days professional services fees reaching $1.3 million, this leads to an annualised revenue total of $6.8 million.

The Australian human resources technology company attributed the subscriber milestone to the acquisition of UK Showcase Cinemas.

Further, the new customer wins include four enterprise customers — one of which being the UK arm of global theatre chain, Showcase Cinemas. This acquisition was sourced through the Cintra reseller partnership signed in August.

The other enterprise customer wins included SupportNinja, Storyhouse Early Learning and Urbis.

Founder and CEO Rob Bromage commented on the achievement.

“The new customer win represents a significant step in delivery of our global growth plan, with the Cintra partnership reseller channel delivering its first enterprise customer win in the UK.”

intelliHR said there’s a strong pipeline for growth through both direct sales channel and the ‘rapidly growing’ Cintra reseller partner channel.

Company shares were up 2.7 per cent to trade at 19 cents at 1:51 pm AEDT.

IHR by the numbers
More From The Market Herald
Siren Gold (ASX:SNG) - Chairman, Brian Rodan

" Siren Gold (ASX:SNG) to begin scoping study at NZ gold projects

Siren Gold (ASX:SNG) will undertake a scoping study for underground development at its Big River and…

" Mad Paws (ASX:MPA) reports 199pc growth December-quarter revenue

Pet services marketplace Mad Paws (ASX:MPA) has reported operating revenue for the December quarter of $2…

" Vanadium Resources (ASX:VR8) increases stake in Steelpoortdrift Project

Vanadium Resources (A:VR8) increased its interest to 73.95 per cent in the Tier 1 Steelpoortdrift Vanadium…

" Stanmore (ASX:SMR) awards EPSA Pacific $564m open-cut mining contract

Stanmore Resources (ASX:SMR) has awarded EPSA Pacific a $564 million mining contract at its Isaac Downs…