21st Feb 2019 14:27
LONDON (Alliance News) - Oxford Metrics PLC on Thursday said that its current trading performance is in line with market expectations for 2019 financial year.
"The board is pleased to announce that Oxford Metrics has made a positive start to the new financial year," Chair Roger Parry said said in his annual general meeting statement.
He added: "The group continues to make progress against its stated five-year strategic plan announced in December 2016, to double profits and triple recurring revenue over that five-year timeframe."
The annual general meeting is expected to take place later on Thursday.
Similarly to previous years, the software company said it continues to be second-half weighted in terms of revenue.
The company remains encouraged by the "strong pipelines building across the business", and therefore confident in respect of its annual prospects.
The company's financial year runs to September 2019.
Oxford Metrics shares were trading up 0.7% at 82.10 pence each.
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