9th Jun 2016 08:20
LONDON (Alliance News) - Software provider Sopheon PLC said it is confident it is "on the right path" for 2016, ahead of its annual general meeting on Thursday.
Sopheon said revenue visibility for 2016 is now approaching USD17 million, compared to USD12.5 million at this time last year.
At the time of its 2015 results in March, Sopheon said it had started 2016 with a revenue pipeline of USD12 million, compared with USD10.2 million the previous year.
"The board remains confident that Sopheon is on the right path, with strong momentum and pipeline for further advancement in 2016," Chairman Barry Mence said in a statement.
"We continue to expand resources in line with the growth areas of the business to support this strong momentum, and maintain our leading market position," he added.
Shares in Sopheon were trading up 9% at 96.50 pence on Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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