24th Jun 2014 09:30
LONDON (Alliance News) - Kalibrate Technologies PLC said Tuesday that it expects to post underlying earnings before interest, tax, depreciation and amortisation "comfortably" ahead of current market expectations, with revenue slightly ahead of expectations, in the year ending June 30.
The company said it had seen a strong performance during the year, boosted by new and existing customer wins in the second half and growth in recurring revenues.
Kalibrate added that it thinks it has made solid progress against its strategic objectives since floating on AIM last November, pushing into new geographies, expanding revenues from its existing client base and increasing the number of clients using its software-as-a-service and managed services offering.
It expects year-end net cash to be around USD9 million.
It will report its full year results September 9.
Shares in Kalibrate were trading up 15% at 115.70 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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