Sri Lanka, Aug. 4 -- Senid Business Solutions PLC (hSenidBiz) announced its financial results for the first quarter of FY2027, delivering strong revenue growth and sustained profitability as the Company continued to execute its SaaS-led growth strategy.

Total revenue for the quarter reached LKR 602.8 million, reflecting year-on-year growth of 28 percent. The Company's recurring revenue model continued to strengthen during the quarter, with recurring revenues contributing 75 percent of total revenue. Exit Annualised Recurring Revenue (ARR) reached USD 5.7 million, representing a 26 percent increase compared to the corresponding period last year, reinforcing the resilience and predictability of the Company's revenue base.

The Company reco...