1st May 2014 10:51
LONDON (Alliance News) - Sopheon PLC said Thursday that its revenue visibility for 2014 stands at GBP7.3 million, broadly flat on 2013, following from a strong performance in its final quarter of 2013.
The software and services company said that the early part of the year was quiet for new licence orders, but it had made progress with new and existing customers that it expects to lead to additional orders as the year goes on.
Sopheon said it had maintained its level of investment across its business and has added staff since the start of the year, particularly in its US sales team.
The company said it was continuing to monitor the situation after the Euronext announced that it will wind down the Alternext Amsterdam market by the end of the year.
Sopheon, which is also listed on the AIM market in London, moved to the Alternext from Euronext just over a year ago. Euronext, which along with the New York Stock Exchange is owned by Intercontinental Exchange Group Inc, has opted to shut the Alternext Amsterdam stock exchange following a strategic review, and said it will consult with affected issuers to discuss potentially moving them to the Euronext Amsterdam market or other Euronext markets.
Euronext is a European stock exchange with venues in Amsterdam, Brussels, London, Lisbon and Paris. Its Alternext Amsterdam market has 184 listed companies with a market capitalisation of EUR8.33 billion.
The company said it was continuing to consider repeating a share consolidation procedure it undertook last summer, due to incorrect processing in the Netherlands.
Shares in Sopheon were trading up 2.2% at 91.43 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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