SiteMinder (ASX:SDR) anticipates accelerated annual recurring revenue growth at the end of the fiscal year to increase from the 22% year-on-year in the fiscal first half, according to a Tuesday filing with the Australian bourse.
The company aims for 30% organic annual revenue growth in the medium term and expects positive underlying earnings before interest, taxes, depreciation, and amortization, and free cash flow in the full fiscal year, the filing said.
Company shares rose 5% in recent trade.
Price (AUD): $3.83, Change: $-0.36, Percent Change: -8.59%
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