UK construction collaboration SaaS developer Asite increased its revenues 18% in the year to 30 June 2017, according to its latest report and accounts.
London, UK-based construction collaboration Software-as-a-Service developer Asite increased its revenues 18% in the year to 30 June 2017. According to its latest report and accounts, the group received £7.150m in revenues (up from 2016‘s £6.047m) – at today’s rates, that’s around US$9.42m or €8.16m.
The 18% revenue growth lags behind the 31% growth reported by Aconex in August 2017 (both globally and in its UK operation, though this was boosted by contributions from Aconex Services, the former Conject UK business – post). At its May 2018 customer summit, UK rival Viewpoint claimed that its 2017 EMEA revenues were up 21%.
In 2016, Asite shouted about a 31% jump in profitability. The figure fell 26% in 2017 to £0.733m – around US$0.970m or €0.84m – down from 2016’s £0.993m, and a first dip in Asite profitability since 2010 during the last recession. According to the report, the decrease was due to investments in Asite personnel across all regions to support future growth plans. The company has opened a new office in Hong Kong, and it also highlighted the March 2018 launch of its New Dawn release of Adoddle.
The sophisticated but intensely competitive UK market still accounts for 76.5% of Asite’s global revenues (down from 78% the previous year). Revenues were up in every other region, with North America (at £0.541m) now second biggest in revenue terms, just head of the company’s Australasian operation (£0.522m). Asite’s European operation generated £0.324m.
At the year-end, Asite’s total headcount was 242, up from 227 in 2016. The mainly India-based technical team is now 205-strong. The remainder are made up of professional services (15), sales and account management (10), and finance and administration (12).