by Theleaders-Online | August 23, 2022 9:18 am
SYDNEY, Aug. 23, 2022 /PRNewswire/ — SiteMinder (ASX:SDR) has today released its results for the 12 months ended 30 June 2022 (FY22), demonstrating continued reacceleration in the business.
Sankar Narayan, CEO and MD at SiteMinder said: “The most pleasing aspect of our FY22 performance has been the team’s successful execution of our ambitious new initiatives, laying the foundations for SiteMinder to scale and sustain high organic growth. Our product and other initiatives, including the acquisition of GuestJoy, enhance our growth opportunities with additional services to existing customers as well as expanding into new customer segments. With the lifetime value of our customers in Q4FY22 30% above pre-COVID levels, despite global travel still recovering, our initiatives are boosting customer and shareholder value. Our leading multilingual commerce platform and unrivalled global go-to-market capability, provide us confidence to reiterate our growth guidance and in addition communicate our expectation to become free cash flow neutral by Q4FY24 on a quarterly basis. I want to again thank all our staff, partners and customers for the resilience and the ingenuity shown over the last couple of years.”
SiteMinder growth accelerates to 25% ARR YoY, acquires GuestJoy
FY22 Performance Highlights
(All growth rates are y/y)
cc = constant currency
* Underlying free cash outflow = the sum of underlying operating cash flows and underlying investment cash flows
** Realisation of SiteMinder’s growth and free cash flow guidance will depend on many factors outside of the Company’s control, including the substantial abatement of COVID-19 related influences on the accommodation and travel industry and the continued recovery of travel.
SiteMinder Limited (ASX:SDR) is the world’s leading open hotel commerce platform, ranked among technology pioneers for opening up every hotel’s access to online commerce. It’s this central role that has earned SiteMinder the trust of tens of thousands of hotels, across 150 countries, to sell, market, manage and grow their business. The global company, headquartered in Sydney with offices in Bangkok, Berlin, Dallas, Galway, London and Manila, generated more than 100 million reservations worth over US$35 billion in revenue for hotels in the last year prior to the start of the pandemic. For more information, visit siteminder.com.
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