13th Oct 2014 08:22
LONDON (Alliance News) - Software firm Fusionex International PLC Monday said it expects its results for the financial year just ended to be "at least" in line with market expectations.
In a trading update for the financial year ended September 30, the big data specialist said it made good progress during the year in securing new client mandates for its big data analytics platform, GIANT, and also continued to broaden its geographical reach, particularly in the Asia Pacific region.
"Management remains confident that a combination of the group's strong market position within the Asia Pacific region, significant sales momentum underpinned by new GIANT mandates, and on-going investment in R&D [research and development] will continue to generate exciting growth," the company said in the statement.
It said demand for its GIANT software remains strong, and it continues to maintain a strong cash position.
Fusionex shares were trading 3.2% lower Monday morning at 270.00 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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