Software provider Dotdigital has reported a 14.1% rise in its annual revenue to £79m for the year to 30 June.

The group stated that revenue and adjusted EBITDA and profit before tax are each expected to be in line with market expectations for the full year.

Dotdigital, a software-as-a-service (SaaS) marketing platform that allows companies to send automated campaigns, said it had posted a “strong performance for the year”, delivering both organic and acquisitive growth.

The firm, which in the last year has also successfully overseen the integration of internet marketing provider Fresh Relevance, said the expanded product offering – including website personalisation and enhanced AI and customer data platform capabilities – has resulted in “accelerating traction with higher value customers”.

Dotdigital CEO, Milan Patel, commented: “We are pleased to provide an update on a year of significant strategic progress for the group alongside continued financial growth.

“Having laid out our CXDP vision two years ago, we have transformed our platform through the acquisition of Fresh Relevance and a number of important technology enhancements to elevate our competitive differentiation and expand our market reach.

“We continue to make further enhancements to benefit our customer's needs and drive more organic growth.”

In its latest trading statement, Dotdigital also suggested it is now entering the new financial year with “continued positive momentum”.

With strong new business prospects, high levels of recurring revenue and a robust financial position, Dotdigital suggested its board is confident in the firm’s growth prospects.

“Entering the new financial year, the outlook remains positive as marketing teams continue to transition to all-in-one product capabilities with demonstrable ROI,” Patel added. “At the same time, our strong net cash position provides the resource to continue investment in organic and inorganic opportunities where appropriate.”

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