Reckon lifts interim profit, declares 3¢ dividend
Jessica SierNorth Asia correspondent
Key Points
- Revenue ($m) 37.5, up 0.1pc from year-earlier 37.5
- Pre-tax profit ($m) 6.6, up 10.2pc from year-earlier 6.0
- Net profit ($m) 5.1, down 4pc from year-ago 5.4
- Final dividend 3c, unchanged from year ago, payable on September 22
Shares in Reckon jumped higher after the accounting software company on Tuesday reported increased earnings and profit for the first half-year, driven largely by the marketwide shift towards the cloud.
Like many of its customers, Reckon has been moving away from a desktop accounting product towards a cloud-based offering.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
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