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26 May 2021 | 09:54am
StockMarketWire.com - Digital learning company Learning Technologies said current trading for the year had started well and in lien with expectations amid a boost from recent acquisitions.
During the year, the company broadened its offering and addressable market significantly through the acquisitions of Open LMS, eThink and eCreators which together give the group global market leadership in the open-source Moodle market.
The acquisition of Patheer in 2020, and of Reflektive and Bridge in the first quarter of 2021, meanwhile had further strengthened our expansion into the talent development mid-market.
Looking ahead, the company said it was confident of a strong recovery in its content & services division in 2021 and was encouraged by the performance of the software & platforms division which has been enhanced by the contribution of our recent acquisitions where integration is well advanced and delivering ahead of expectations.
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Toronto, Ontario (Newsfile Corp. - May 26, 2021) - HIRE Technologies Inc. (TSXV: HIRE) ( HIRE or the Company ), a company focused on modernizing and digitizing human resources solutions, announces its financial results for the quarter ended March 31, 2021.
Revenue growth of 89.1% in Q1-2021 versus Q1-2020.
Recurring contract placement revenue growth of 43% in Q1-2021 over Q1-2020.
Gross Margin of 42.4% for Q1-2021, the third consecutive quarter of increased margins.
Net income of $2.2 million, $0.04 per share ($0.03 on a diluted basis).
EBITDA of $2.6 million.
Organic Growth of 7% for this quarter more than double the growth rate achieved by industry peers (1.8%)
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;