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Sydney, Aug 24, 2017 AEST (ABN Newswire) - MYOB Group Limited (MYOB) (
ASX:MYO), a leading provider of online business management solutions to Australian and New Zealand businesses, is pleased to announce its interim financial results for the six months ended 30 June 2017.
This video presentation is by the Chief Executive Officer for MYOB Ltd, Tim Reed.
Highlights
- Australia and New Zealand leadership position continues to strengthen
- Strong financial performance driven by revenue growth from accelerating online subscriber growth and improved customer lifetime value
- New payments segment unlocks $1.2 billion Total Addressable Market (TAM), increasing MYOB's total TAM opportunity to more than $3 billion
- MYOB's Connected Practice vision is leading the path of digital transformation amongst SMEs and their Advisers, and driving new client wins
- Positive trajectory continues, with FY17 revenue growth rate expected to be within the 13% - 15% range; EBITDA margin guidance narrowed to 45% - 46% range
- On-market share buy back of up to 5% of issued capital over the next 12 month period
To watch the video, please visit:
http://www.abnnewswire.net/press/en/89702/myo
About Myob Group Ltd
MYOB Group Ltd (ASX:MYO) is a leading provider of online business management solutions. It makes business life easier for approximately 1.2 million businesses and accountants across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, job costing, inventory and more. MYOB operates across three core segments – Clients and Partners (business solutions to SMEs and Advisers); Enterprise Solutions (larger businesses) and Payment Solutions. It provides ongoing support through client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly through its Connected Practice Strategy and through the development of the MYOB Platform. For more information, follow @MYOB on Twitter or visit https://investors.myob.com.au/Investors
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