14th May 2015 09:14
LONDON (Alliance News) - Ideagen PLC said Thursday it traded in line with expectations in its recently ended financial year, and as a result expects to show growth in earnings and revenue.
The software company expects to post earnings before interest, tax, depreciation, amortisation, share-based payments, acquisition costs and exceptional items of GBP4 million for the year to end-April, up from GBP2.8 million a year before, on revenue of GBP14.3 million, up from GBP9.0 million.
This will boost earnings per share before share-based payments, amortisation, acquisition costs and other exceptional items, Ideagen said.
Its acquisition of Gael Ltd last December has made a positive contribution financially and in terms of product capability, Ideagen said. It is now accelerating the integration of Gael into the business, and has appointed Chief Executive of Gael Ashley Marron as its chief operating officer.
The company cited robust growth in its commercial markets like manufacturing, life sciences, aviation and banking, and renewed momentum in sales opportunities at National Health Service Hospital Trusts, which underpins its confidence in meeting its growth objectives for the current financial year and beyond.
Shares in Ideagen are trading up 6.1% at 37.15 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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