Blue Prism Share Discussion Threads

[hazl] 24/1/2017 08:04

INDEED Parvez

[sogoesit] 24/1/2017 08:01

Price to sales about 10 x > looks reasonable value.

[parvez] 24/1/2017 07:46

hazl, you've got all the big boys partnering with PRSM which together with what is stunning growth rates bodes well IMHO

[hazl] 24/1/2017 07:44

Good post Parvez

[hazl] 24/1/2017 07:43

look at the calibre of some of these names....


'Deals with or through our channel partners accounted for over 90% of new customers, demonstrating the considerable success of our indirect sales model. This success is further supported by the resources being allocated to Blue Prism sales by global strategic partners and specialist resellers such as Accenture, Alsbridge, Deloitte, Digital Workforce, EY, Hewlett Packard Enterprise, IBM, id. Management, NEOOPS, Reveal Group, Symphony Ventures, The Burnie Group and Thoughtonomy. We are also developing technical partnerships with third party Artificial Intelligence and cognitive products to position Blue Prism as the execution platform at the centre of a smart new digital workforce for the enterprise.'

[parvez] 24/1/2017 07:42

I think these are superb results and longterm they will go places. Some of you may be interested in the KPMG write-up on RPA below:



The bit that catches my eye is: The KPMG survey reveals that while demand for RPA is considered ‘low to non-existent’ among many business functions today – including one-third of all IT processes and nearly two-thirds of sourcing and procurement, finance and accounting, and supply chain and logistics – the demand
picture three years out shows stunning increases.....

[onedayrodders] 24/1/2017 07:41

all good :o)

I expect share price will do what it did last week to some degree, fall and recover over a few days / week. That's the nature of the beast. Will be very impressed with a blue day.

Holding long term.

But wtfdik

ODR

[hazl] 24/1/2017 07:39

Profits .....no way was I expecting that.... they only floated last year
but I wasn't expecting the revenue to increase ....

205%

either

that's pretty impressive.


imo

[runthejoules] 24/1/2017 07:38

I didn't expect a profit. Amazon didn't for many years because it was reinvesting in market share, which worked admirably. With headline numbers like these, I'm hoping for an update in Shares Magazine tomorrow night, as they've been fans.

[hazl] 24/1/2017 07:31

To answer that I will quote from P. Pi lot on a different thread....and a different company.
He was explaining the difficulty in assessing early stage companies when they aren't in profit yet.
'The key is to roll it forwards.
That's what people are buying into.'

However the growth here has been pretty phenomenal I would say.

IMO

[saucepan] 24/1/2017 07:29

DavR0s: a good question, as far as I am concerned, even though I am bullish. ShareScope forecasts go out as far as 2018. The Company is presently forecast to be still loss making until then. It will be interesting to see how numbers are adjusted by analysts in view of today's "ahead" news. I wonder how far behind the curve forecasts are?

I do think it is significant that the Company has not said when it thinks it will be profitable; so presumably some way off.

[davr0s] 24/1/2017 07:27

I'll take that a a don't know then

[pyglet] 24/1/2017 07:27

HazlFigures are outstanding especially going forward but did think they would have made a profit.

[hazl] 24/1/2017 07:23

recurring revenue 85% always goes down well ....


edit
NOT referring to you Davros
IMO

[davr0s] 24/1/2017 07:20

Not naysaying, just a genuine question. Have they said when they expect to get to profitability?

[hazl] 24/1/2017 07:18

I was rereading this again last night which pointed to ongoing momentum
and sure enough the results are great again.

[hazl] 24/1/2017 07:18

Ha.

We are getting the naysayers early!

[basem1] 24/1/2017 07:17

Crazily overvalued here. Can't understand why the market caps so high. ?

[davr0s] 24/1/2017 07:15

Anyone know when they are reckoning to be profitable? As the risk if this keeps heading up and they don't get to profitability soon, is that it will be the subject of a bear raid at some point..

[togglebrush] 24/1/2017 07:14

Financial Highlights
-- Total contracted revenue increased 205% to GBP35.2m (FY15: GBP11.5m)
-- Recognised revenue increased 59% to GBP9.6m (FY15: GBP6.1m)
-- Recurring revenue now 85% of total revenues (FY15: 61%)
-- Exit recurring licence run-rate increased 143% to GBP946k per month at 31 October 2016 (31 October 2015: GBP390k per month)
-- Operating loss of GBP5.3m, after share-based costs of GBP362k and IPO costs of GBP502k (FY15 loss: GBP0.8m)
-- Adjusted operating loss of GBP4.4m (FY15: loss GBP0.7m)
-- Cash and cash equivalents at 31 October 2016 were GBP11.8m (31 October 2015: GBP2.4m)

[hazl] 24/1/2017 07:14

Whooo!

Still reading but these figures look very impressive indeed,to me.

'
SUMMARY AND OUTLOOK

We are delighted with Blue Prism's performance for the year ended 31 October 2016, our first as a publicly listed company. The Group outperformed its targets for the period across all areas of the business, both operationally and financially. Our strategy to move to a wholly indirect sales model has been very successful with our partner network delivering over 90% of new business in a year in which customer numbers increased by 96 to 153.

The RPA market continues to grow, and whilst this is generating increased competition, we believe Blue Prism is well positioned and sufficiently differentiated to take advantage of this growth through continued product innovation and marketing. To drive continued growth in our indirect sales model, our primary investment focus remains on building our global sales team which manages the partner relationships.

Taking into consideration the FY16 exit monthly run rate and assuming the ongoing momentum in new customer wins and upsells continues, we expect revenue for the current financial year to be comfortably ahead of existing market expectations.'

Alastair Bathgate
'Our strong positioning in an emerging and exciting global market sets the scene for another positive year.'

Jason Kingdon

[saucepan] 24/1/2017 07:13

It is all about looking forward from here. "Taking into consideration the FY16 exit monthly run rate and assuming the ongoing momentum in new customer wins and upsells continues, we expect revenue for the current financial year to be comfortably ahead of existing market expectations."

[rubberbullets] 24/1/2017 07:13

Adjusted operating loss of £4.4m (FY15: loss £0.7m)

Reminds me of aero inventory scam
Sales up and losses up

[davr0s] 24/1/2017 07:12

So results strong as previously flagged - question is anything new here that surprises the market or will "we get a sell the news" response. Who knows but we will soon find out!

[croasdalelfc] 23/1/2017 20:14

Croasdalelfc - 05 Jan 2017 - 17:41 - 495 of 722 - 1If my numbers are correct then I make New customer growth as below:FY '12-14 32FY '15 25 Total 57H1 '16 33 Total 90Q3 '16 24 Total 114Q4 '16 39 Total 153If you plot if on a graph its a classical 'hockey stick'So H1 numbers based on 90 customers and 83% recurring revenue, H2 numbers based on 153 with I'm guessing 90% recurring revenues. The outlook statement will be crucial