21st May 2014 12:25
LONDON (Alliance News) - Fusionex International PLC Wednesday reported an increase in profit and revenue, as it continues to see strong levels of demand and traction for its products and offerings.
The enterprise software solutions reported pretax profit of GBP8.2 million for the six months ended March 31, up from GBP5.8 million a year earlier, as revenue rose 35% to GBP25.0 million from GBP18.5 million in the corresponding earlier period.
On the back of its strong performance, the firm increased its interim dividend to 2.05 pence from 2.00 pence a year earlier.
During the period, Fusionex won a number of new contracts, including a multi-million dollar deal with a client with global operations in the travel, leisure and hospitality sectors and a contract with a large unnamed global hypemarket chain.
In addition to this new business, the group continued to gain market traction with its Big Data Analytics software solution GIANT. During the period, Fusionex converted all three of its pilot clients for GIANT to 'live' production clients, it said.
Looking ahead, the company said it remains confident that continued investment in sales as well as research and development teams will accelerate growth, while it remains confident that its full-year results to September 30 will be in line with market expectations.
Fusionex shares were trading up 1.1% at 480.00 pence Wednesday afternoon.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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