facebook facebook May 2020 | Vonex

Vonex shares rise after achieving remarkable growth in recurring revenue

The company has increased its annualised recurring revenue by more than 85% during FY20, with the acquisition of 2SG Wholesale a major contributor to this growth. Vonex Ltd (ASX:VN8) is seeing continued growth in annualised recurring revenue (ARR) underpinned by sustained sales momentum and well-executed mergers and acquisitions. The ARR has increased more than 85%