Why the Bigtincan (ASX:BTH) share price is jumping higher today

The Bigtincan Holdings Ltd (ASX:BTH) share price is jumping higher this morning. Here's what you need to know…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Bigtincan Holdings Ltd (ASX: BTH) share price is jumping higher today.

In morning trade, the artificial intelligence-powered sales enablement automation platform provider's shares are up 4.5% to $1.12.

Why is the Bigtincan share price jumping higher?

Investors have been buying Bigtincan shares this morning following the release of its second quarter update.

According to the release, Bigtincan continued its strong form in the second quarter and delivered annualised recurring revenue (ARR) of $48.4 million. This represents growth of 50% over the prior corresponding period.

Management advised that this comprised organic ARR of $40 million (up 42.9%) and ARR of $8.4 million from recently completed acquisitions. However, the latter reduces to $6.8 million on a sustainable basis, comprising $6.8 million (US$5.2 million) from ClearSlide and $1.6 million from Agnitio.

A key driver of its organic growth was the success of the company's "Land and Expand" strategy. It notes that 21% of Bigtincan's total active customer base expanded their use of its platform during the first half of FY 2021. This compares to 16% during the same period last year.

Quarterly customer cash receipts came in at $10.5 million, which was an increase of 32% over the prior corresponding period (excluding multi year payments). And quarterly cash operating payments were up 17% on the prior corresponding period but steady quarter on quarter at $11.6 million.

This left the company with total cash and cash equivalents of $33.4 million at the end of December. Though, since then the company has received the proceeds from its capital raising, giving it a pro forma cash balance of $65 million.

Bigtincan CEO and Co-Founder, David Keane, commented: "Strong organic growth and overall 50% ARR growth over the previous corresponding period demonstrates the ongoing demand for Bigtincan's technology during the pandemic."

"Our customers continue to see Sales Enablement technology as critical to connect their customer facing teams together in the absence of face to face meetings, and as a way to empower their teams to be ready to deal with a smarter and more informed buyer. The recent strategic acquisitions, new technology partnerships and a growing global team provide a strong foundation for the company to continue to meet this growth in customer demand," he added.

Outlook

Potentially boosting the Bigtincan share price today will be management's outlook update.

It advised that it expects its ARR to be at the top end of FY 2021 ARR guidance range of $49 million to $53 million. This guidance assumes a stable exchange rate and stable customer retention.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends BIGTINCAN FPO. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

A man looking at his laptop and thinking.
Share Gainers

Here are the top 10 ASX 200 shares today

The markets lost their steam this Thursday.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Share Gainers

Why Catapult, Hutchinson, SKS, and West African shares are pushing higher today

These shares are having a strong session despite the market weakness.

Read more »

Rising gold share price represented by a green arrow on piles of gold block.
Gold

Up 72% in 2025, why is this ASX 200 gold stock racing ahead of the benchmark again today?

Investors are bidding up this high-flying ASX 200 gold stock again on Thursday. But why?

Read more »

Businessman smiles with arms outstretched after receiving good news.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a wonderful Wednesday session for investors today.

Read more »

A man with a wide, eager smile on his face holds up three fingers.
Gold

3 reasons this ASX 200 gold mining giant could soar higher into 2026

A leading expert forecasts more outperformance from this surging ASX 200 gold stock.

Read more »

Person pointing at an increasing blue graph which represents a rising share price.
Share Gainers

Why Adriatic Metals, Catapult, Seek, and TechnologyOne shares are racing higher today

These shares are having a good time on hump day. But why?

Read more »

A woman's hand draws a stylised 'Top Ten' on a projected surface.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX shares returned to positive territory this Tuesday.

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Share Gainers

Why Breville, Clarity, EOS, and TechnologyOne shares are racing higher today

These shares are having a strong session on Tuesday. But why?

Read more »