Velpic Ltd (ASX:VPC) To Deliver A Record Breaking March-Quarter
Headquartered in Australia’s Subiaco, Velpic Ltd (ASX:VPC) offers a cloud-based eLearning platform that businesses can use to develop training sessions tailored to their needs and distribute the content to desired employee or partner through multiple devices, including tablets and smartphones. In addition, VPC runs Dash Digital, which is an end-to-end solutions provider for digital branding and marketing, including web and app development requirements. VPC’s current market capitalization stands at $13 million. The company said performance in the March-quarter, based on all key metrics, reached new year-on-year growth levels. New accounts added increased more than 300% and new monthly recurring revenue increased about 400%. While the improvement is impressive, the growth has come from an annual revenue base of less than $2 million, making it quite an early phase to decide whether this could sustain in the long-term. “The exceptional growth across all major metrics this quarter is a strong indication that the product we’re offering customers is clearly market leading and is a testament to our enhanced sales team”, said CEO Russell Francis in a statement today.