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Tribal makes 'positive' start to 2021; trading in line with expectations | 27 April 2021


27 April 2021 | 09:01am
StockMarketWire.com - Education software group Tribal said it had made a positive start to 2021, maintaining sales momentum it had experienced in the second half of 2020.
The company, in a brief trading update for its annual general meeting, also said it was making good progress towards a goal of becoming a pure-play software-as-a-service company.
We remain focused on winning new customers, the migration of existing customers to the Tribal Cloud, the delivery on our second native cloud-based Tribal Edge module, and growth of annual recurring revenue, it said.
Trading has continued to be buoyant, as flagged at the time of the preliminary results in March, and the group is currently trading in line with expectations. ....

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Tribal earnings slip on pandemic hit to revenue | 17 March 2021


17 March 2021 | 07:36am
StockMarketWire.com - Education software provider Tribal swung to a full-year profit on lower one-off costs, though its underlying earnings fell on lower sales.
Pre-tax profit for the year through December amounted to £8.5 million, compared to a year-on-year loss of £2.9 million owing to the cost of a platform dispute .
Revenue fell 6.6% to £782 million and adjusted operating profit fell 3.2% to £14.9 million.
Tribal declared a final dividend of 1.2p, in addition to a previous one-off interim dividend of 1.1p, which replaced the cancelled 2019 proposed final dividend.
We have entered the current financial year with increased levels of revenue visibility, chief executive Mark Pickett said. ....

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