8th Jan 2016 07:50
LONDON (Alliance News) - Sopheon PLC Thursday said its full year earnings will be ahead of current market expectations as the positive shift in momentum of the business continued in the second half of the year.
The software provider said full year revenue was set to "comfortably" hit expectations whilst pretax profit and earnings before interest, tax, depreciation and amortisation are set to come in higher than forecast.
The news confirms the company's outlook ported back in August, when it said it was on the "right path" moving forward despite reporting a fall in revenue as a result of fewer licence orders in the first half of 2015.
At that time, Sopheon said its revenue visibility for 2015 stood at almost USD15 million, compared to USD12.5 million at the time of its annual general meeting in June.
Sopheon also noted Non-Executive Director Bernard Al, who joined the company back in 2001, died over the festive period, offering its condolences and recognising the "important contribution" he made to the company's development.
By Joshua Warner; [email protected]; @JoshAlliance
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