Attraqt Group experiences strong momentum in H2, secures new ARR contract wins

Software firm Attraqt Group said on Thursday that momentum seen in the first six months of the year had continued into the second half.

Attraqt stated that in the third quarter, it had secured almost £1.0m worth of annual recurring revenues through new contract wins, demonstrating the "increasingly competitive nature" of its product set.

The AIM-listed company added that its partnership strategy had continued to deliver "strong results" following its native integration with BigCommerce in September, with the group now seeing a number of native integrations go live through the channel.

Attraqt expects that its full-year performance will be in line with expectations.

Chief executive Mark Adams said: "The continued momentum that we have seen in Q3 coupled with the investment in our product is enhancing our competitiveness as well as improving our ability to retain and build revenues in our customer base.

"This provides the board with further confidence that there are significant opportunities for growth for Attraqt."

As of 1000 BST, Attraqt shares were untraded at 36.50p.