Software firm Riverdeep's sales up 590%

Irish education software specialist Riverdeep today reported a 590 per cent increase in sales for the third quarter ending March…

Irish education software specialist Riverdeep today reported a 590 per cent increase in sales for the third quarter ending March 31st, to $14.8 million.

But pre-tax loss for the quarter widened to $10.97 million from $7.26 million, and pre-tax loss for the nine months was $45.89 million, compared with a loss of $27.95 million.

The company said contract value, representing new business generated during the period, rose 441 per cent.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter