26th Nov 2024 14:10
Idox PLC - Woking, Surrey-based information management software and geospatial data solutions company - Says for the financial year that ended October 31, expects to announce a revenue jump of 20% to GBP87.6 million from GBP73.3 million a year ago. Order intake grows 8.5% to GBP89 million from GBP82 million. Adjusted earnings before interest, tax, depreciation and amortisation climb 6.5% to GBP26.1 million from GBP24.5 million. Idox expects to release its annual results in late January.
Chief Executive Officer David Meaden says: "Our most recent acquisition, Emapsite, has added significant scale and expertise to our existing geospatial data capabilities, and has performed well in the year. We continue to be excited by the growth opportunities available in this sector, adding to our existing market leading public software capabilities. We continue to evaluate the opportunity for further acquisitions to enhance our offering and are optimistic on the pipeline as we move into 2025."
Current stock price: 62.46 pence each, down 1.5% on Tuesday afternoon in London
12-month change: up 0.4%
By Tom Budszus, Alliance News slot editor
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