Dubber first half FY20 results

Author: Sian Hunter
Published on March 10, 2020

We are pleased to report significant growth for the first half of the 2020 financial year. Highlights include a revenue increase of 125% to $4.5 million, a 79% increase in end user subscribers to 122 549, a contracted annualised recurring revenue of $10.66 million, and 123 service provider agreements, of which 65 are now at the billing stage. During this period we also acquired our first Cisco Webex Calling customers and are on track to be listed on the Cisco price list this month, which will allow seamless order entry within the global Cisco partner channel.

Another highlight was signing an agreement with tier 1 US carrier Sprint Corporation. While we are still in the early stages of growth, securing tier 1 global carriers and our revenue demonstrates that our global strategy is delivering high-quality income streams.

A uniquely placed global operation

We have grown our business operations significantly in preparation for future market opportunities: recruiting team members across executive, sales, and product levels. Many of these new staff members worked closely with us in previous roles with major partners, including Cisco, BroadSoft, AT&T and Telstra, and bring with them significant industry experience. We are a global operation, well positioned to enable service providers to capitalise on the valuable asset of voice data. We believe that transcription, which forms that basis of voice AI and analysis, will become an expected standard feature. We are uniquely placed to deliver this capability to service providers.

Second half FY20 outlook

We expect strong growth in the second half of the 2020 financial year. We expect several verticals to reach the revenue generation stage. Now that our platform is embedded in the Cisco order entry system, we believe this will contribute significantly to our ongoing revenue. Last month we signed an agreement with Telstra, making Dubber available to Telstra customers in Australia. We expect this to underpin similar agreements with new carriers in 2020.

Click here to read the full ASX release.

Related articles

Dubber call recording article: How can businesses facilitate a perimeterless workplace?

How can businesses facilitate a perimeterless workplace?

Businesses are moving towards agile workforces that aren’t tied to a location or device and are looking to create perimeterless workplaces.

Read this article
Dubber call recording article: The benefits of UC

The benefits of UC

Unifying your business communications is more important than ever. Deploying a new solution may sound daunting, but the benefits outweigh any inconvenience.

Read this article
Dubber call recording article: The secret to success could be hiding in your phone calls

The secret to success could be hiding in your phone calls

How often do businesses ask their customers what they want? If businesses were to turn to their customer calls, they might uncover the secrets to success.

Read this article
Dubber call recording article: Breaking down the barriers to new technology

Breaking down the barriers to new technology

The flexibility and accessibility of cloud solutions break down the obstacles that previously prevented small businesses from adopting new technology.

Read this article

Have any questions?

If you have any questions regarding this blog article or anything you have read on the Dubber website, be sure to get in touch with our friendly sales team

Contact us today