Asure Software, Inc. today reported healthy financial results for the first quarter ended March 31, 2025, with total revenues increasing 10% from the prior year's first quarter to $34.9 million. This revenue figure surpassed analyst estimates.
The company's recurring revenues grew 10% from the prior year and now constitute more than 95% of total revenues. This performance was driven by strong contributions from the Payroll Tax Management product line and initial revenues from recently acquired product offerings.
Asure also announced an increase in its full year 2025 revenue guidance to a range of $138 million to $142 million, up from the previous range of $134 million to $138 million. The contracted revenue backlog reached an all-time high, providing strong visibility into future revenue streams.
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