7th Apr 2016 07:40
LONDON (Alliance News) - Identity and credential management software company Intercede Group PLC on Thursday said revenue for the year to the end of March will rise year-on-year.
Intercede said its revenue for the year to March 31 will be around GBP11.0 million, up 25% on the GBP8.8 million reported a year earlier.
The company has invested to address higher-growth opportunities in the cloud, mobile and Internet of Things markets and is set to launch a self-service capability for its RapID platform.
"I am delighted to be able to report record sales for the year while also seeing increasingly clear signs of interest in the new technology that is being created by the group's program of strategic investment," said Chairman and Chief Executive Richard Parris.
"I remain confident that our strategy of funding investment in this opportunity out of revenue derived from an established market position will generate significant returns for shareholders," he added.
Intercede shares were up 2.0% to 127.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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