25th Oct 2013 06:57
LONDON (Alliance News) - Software and IT services company Sanderson Group PLC Friday said it will report higher revenues and margins for its last financial year, with operating profit set to meet market expectations, and it expects to make further progress this year despite challenging markets.
The specialist in retail and manufacturing industry software said its results for the year to end-September include revenues of about GBP13.8 million, up from GBP13.4 million a year earlier, and a gross margin of 87%, up from 83.6%, driven by higher sales of its own products and services.
It said its expansion of its sales and marketing activities had driven the value of contracts signed with new customers up 10% to over GBP1.6 million, from GBP1.5 million a year earlier and GBP1.3 million in fiscal 2011.
"Whilst general economic conditions have shown some slight improvement in 2013, the outlook continues to be uncertain and business confidence, although increasing, still appears quite fragile," the company said in a statement.
"The group's strong order book, improved market position and the two recent acquisitions provide the board with an expectation that Sanderson will achieve significant progress during the current financial year ending 30th September 2014," it added.
Sanderson bought e-commerce software company Catan Marketing Ltd for up to GBP644,600 in August and One iota Ltd for up to GBP5.43 million earlier this month.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
SND.L