22nd May 2024 13:56
(Alliance News) - Idox PLC on Wednesday said it has seen "strong growth" in the first half of its financial year.
Idox is a Woking, Surrey-based information management software and geospatial data solutions.
Idox said it has delivered "strong growth" in the six months ended April 30.
It noted that it has generated revenue of about GBP43 million, representing year-on-year growth of over 20%.
The company recorded a good order intake during the period of GBP54 million providing increasing levels of recurring revenue visibility.
"The group has once again delivered a positive performance during the first half in line with the board's expectations. We are pleased with the performance of our recent acquisition, Emapsite, which has contributed to the group delivering over 20% growth in revenue for the half year," said Chief Executive David Meaden.
"We are pleased with our progress and momentum and are on track to deliver on our plans for the remainder of 2024."
Shares in Idox were up 0.6% to 64.40 pence each in London on Wednesday afternoon.
By Sophie Rose, Alliance News senior reporter
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