15th Nov 2013 11:34
LONDON (Alliance News) - Tribal Group PLC Friday said that it is currently trading in line with expectations for the full year.
The systems and software provider to the education sector said that it is confident in its medium- to long-term growth prospects .
It said that its systems business, which provides software products education and training providers, is seeing a healthy level of new opportunities in the UK and internationally..
Tribal said that its solutions business, which provides services to support the improvement of education and training delivery by its customers, is performing as expected, with encouraging opportunities in international markets offsetting a slower domestic procurement environment.
The group said that its order book at the end of October was GBP137 million, and it continues to generate good cashflow.
Tribal said its activities in the higher-education sector continue to show good momentum, with good interest in its student-management systems and benchmarking solutions in both domestic and international markets, including a GBP2 million contract with the Bahraini workforce development agency to deliver a university education improvement programme.
It said that it is in "well advanced" discussions with a number universities in the southern hemisphere to supply its systems.
Tribal said that its work with UK schools and children's services is in line with overall expectations.
Its schools-focused system is being deployed in a staged roll-out, in line with key contract milestones, it said.
Tribal Group shares were trading 3.7% higher at 181.45 pence per share Friday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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