17th May 2016 08:17
LONDON (Alliance News) - Software and services firm IDOX PLC on Tuesday said it made progress in line with its plans in the first half of its financial year and remains on track for the full year.
IDOX said revenue grew 26% in the first half to the end of April year-on-year, with underlying revenue up 5.0% when taking out the contribution from acquisitions completed in the second half of its previous financial year.
IDOX said its public sector arm has continued to make gains in market share in the half, winning 81 new contracts, including new business in the run-up to the recent local elections in the UK and ahead of the upcoming EU referendum.
Thanks to the growth in the public sector business, IDOX said it anticipates earnings before interest, taxation, depreciation and amortisation for the half will be substantially ahead year-on-year, in line with its expectations for the year as a whole.
IDOX will publish interim results on June 7.
IDOX shares were up 3.7% to 58.35 pence Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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