Artesian Solutions Continues Growth Trajectory and Momentum

Artesian Solutions Continues Growth Trajectory and Momentum in 2021


Artesian Solutions Continues Growth Trajectory and Momentum in 2021
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30th April 2021: Artesian Solutions, the leading provider of client intelligence and risk solutions for frontline teams, today announced record growth for the financial year 2020/2021. Artesian outperformed its initial fiscal goal by 135%. The financial services sector accounted for 91% of new revenue during the period, with Artesian adding 70 new customers and delivering larger deals with longer contract terms. The impact of COVID-19 also meant Artesian’s service – allowing its users to effectively track their customers – also resulted in very strong customer retention rates achieving a net retention number of greater than 110%. Artesian also proudly maintained EBITDA profitability returning a real-terms cash-conversion ratio greater than 100%.

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