9th May 2019 10:45
LONDON (Alliance News) - Shares in construction software firm Elecosoft PLC jumped Thursday after reporting 2019 had "started well" with first-quarter revenue and profit both expected ahead of the year prior.
Shares in Elecosoft were 5.6% higher at 85.00 pence on Thursday.
For the first quarter ended March, pretax profit was "higher" than the year prior and in line with market expectations. This was after revenue rose 20% on the year before on a reported basis, and 22% on a constant currency basis. The company didn't provide any actual profit or revenue figures.
"Elecosoft continues to perform well reflecting both the international spread and strength of our core construction and visualisation software businesses," Elecosoft Executive Chair John Ketterley said.
"We have been encouraged by the trading performance of our recent acquisitions in the UK and Germany and the opportunities for realising synergies which we anticipated when acquiring these businesses", Ketterley added.
Related Shares:
Elecosoft