D4t4 Solutions has experienced a 12.6% decrease in total revenue to £21.4m amid a shift towards software-driven growth.
Despite the dip in total revenue, software revenue grew by 9.6% to £19.1m, with a 19% rise in ARR to £16.7m.
"Our transformational journey to becoming a software sales organisation continues to progress, and our focus on growing the core business of selling Celebrus software has developed well with further investments into our strategy for sales and marketing," CEO Bill Bruno said.
He expressed frustration over delayed contract signings but remained confident about growth.
"We have transformed quickly and efficiently as a business, and that speed will continue alongside the growing pipeline. We have started the new financial year well and we are confident in our ability to deliver growth."
Bruno stated that the company aims to enhance ARR growth and shareholder value, concentrating primarily on sales.
"New logos and growing existing accounts are our core areas of focus. We are becoming a far more sales-focused organisation, and that culture will drive the winning attitude needed to sustain the growth we know this business can deliver," he added.
Bruno confirmed plans for further investment in sales and marketing, and product development.
“Everything we do, from delivery to sales to everything in between will be measured. We will continue to bring that data and transparency to the market whenever appropriate,” he said.
Despite growth being the focus, D4t4 will also look for potential acquisitions to enhance Celebrus' capabilities.
