Productivity software firm Getbusy sees share price drop following underwhelming half-year performance

Shares in productivity software provider Getbusy saw a nearly 11 per cent drop on Tuesday morning following disappointing half-year results.

The company reported that annual recurring revenue (ARR) grew less than £1m in the first six months of 2024 to £21m, and net cash fell to £0.2m, down from £1.7 last year. Getbusy attributed this to "a later receipt of UK R&D tax credit".

Adjusted earnings before interest, tax, depreciation and amortis