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Nearmap Reports Record North American Performance Drives ACV Growth

18 Aug 2021  |  09:10:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Record North American performance drives strong ACV growth

Nearmap announced its financial results for the year ended 30 June 2021 (FY 2021). On a constant currency (CC) basis the Group delivered record Incremental Annual Contract Value (IACV) growth and ended the year with a Group ACV portfolio of $133.8m, exceeding initial FY 2021 guidance of $120m-$128m. This represents 26% year-on-year growth and was driven by record IACV growth in consecutive half year periods in North America.

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