16th Mar 2022 14:42
Idox PLC - Reading, England-based supplier of information management software for public and 'asset intensive' sectors - Says its operational and financial performance to date from November 1 is in line with expectations.
Notes that its order book visibility remains strong and that it has won new contracts and extensions in the period across both its Public Sector Software and Engineering Information Management businesses.
Confirms that the acquisitions completed in 2021 are integrating "well and to plan."
"The business is performing in line with our expectations for the half-year and integration of the three businesses acquired in 2021 is on track. Whilst we are cognisant of the current geopolitical uncertainties, and the challenges of recruiting talent across the industry, we are well-positioned to accelerate the 'fly' phase of our journey. The group is making good progress against its plans for 2022 and anticipates delivering further growth over the medium term," Chief Executive David Meaden says.
Current stock price: 66.60 pence, up 5.0% on Wednesday
12-month change: down 8.5%
By Abby Amoakuh; [email protected]
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