19th Jan 2015 10:19
LONDON (Alliance News) - Nasstar PLC Monday said its earnings before interest, tax, depreciation, amortisation and exceptional costs for 2014 will be ahead of previous expectations, as it completed the integration of three trading subsidiaries ahead of schedule.
The cloud computing firm expressed confidence in meeting expectations for its full-year revenue due to continued progress in its second half.The restructuring of Nasstar's UK business led to a positive earnings contribution in June, and the company said this was sustained throughout the second half.
Its recently acquired hosted desktop provider Kamanchi Ltd has traded in line with the company's expectations, it said.
Nasstar said it expects to announce its 2014 results on April 7.
Shares in Nasstar are trading flat at 8.75 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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