Altus Group Ltd (FRA:53U)
€ 39.6 0.4 (1.02%) Market Cap: 1.86 Bil Enterprise Value: 2.06 Bil PE Ratio: 892.84 PB Ratio: 4.45 GF Score: 82/100
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Altus Group Ltd Call to Provide Update on Altus Analytics Business Transcript

Jun 26, 2019 / 08:30PM GMT
Release Date Price: €20.95 (-0.57%)
Operator

Good afternoon, ladies and gentlemen. Welcome to the Altus Group's investor update conference call. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to turn the meeting over to Ms. Camilla Bartosiewicz. Please go ahead.

Camilla Bartosiewicz
Altus Group Limited - VP of IR

Thank you, Eric. Good afternoon, everyone, and thank you for joining us on this investor update conference call and live webcast on June 26, 2019. As mentioned on our last earnings call, we wanted to host this event to provide an update on our office analytics operations as there's a change to our go-to-market strategy commencing on July that coincides with the release of our updated ARGUS Cloud product, which has been updated with new functionality and now offers clients a cloud-only deployment and multi-instance support of our ARGUS Enterprise flagship software product.

As planned, our office analytics business is shifting towards a recurring revenue model and transitioning more towards subscription-based revenues and cloud

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