CDL grew income by 6.9% to £59.54m within the yr ended 30 September 2023, nevertheless revenue after tax dropped for the second consecutive yr to £10.01m.
The revenue fall in 2022 had been pushed by the price of R&D. The additional spend greater than outweighing the decline.
Nevertheless, the newest revenue slip, of 6%, was this time larger than the R&D enhance. It got here as R&D outlay was boosted once more to £11.44m.
Make investments
The know-how specialists famous the newest R&D funding had included a give attention to synthetic intelligence, as CDL develops tooling and processes to transition to an AI-first strategy.
The software program home additionally continued to put money into superior cloud
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