Cornerstone FS, a leading cloud-based software-services provider, has announced that it anticipates exceeding its previous revenue and earnings expectations for the full year. This positive outlook can be attributed to the company’s impressive business momentum and the advancements it has made across various areas.
According to Cornerstone FS, its revenue for 2023 is projected to reach a minimum of £8 million ($9.8 million), a significant increase from the £4.8 million reported last year. The company’s enhanced revenue management and cost control measures have also contributed to an optimistic outlook for earnings before interest, taxes, depreciation, and amortization (EBITDA). Although specific figures were not disclosed, Cornerstone FS anticipates surpassing its prior expectations.
To support its growth trajectory, Cornerstone FS has expanded its sales team and made notable improvements to its offerings. As a result of these efforts, the company has experienced an uptick in both the number of active customers and the average transaction value.
Cornerstone FS’s Chief Executive, James Hickman, expressed enthusiasm about the company’s performance, stating, “We are executing higher value transactions and acquiring a larger customer base due to our enhanced sales efforts and focus on fully commercializing our platform.”