2nd Oct 2015 08:11
LONDON (Alliance News) - Education software and services company Tribal Group PLC on Friday said its contract for the New South Wales Student and Administration and Learning Management student management programme in Australia will generate revenue in the second half.
The company said the formal contract completion has now been completed, and it will recognise revenue from the deal in the second half.
In its interim results, Tribal said the contract was subject to formal completion and, as a result, certain revenue was deferred into the second half from the first.
Shares in Tribal were up 4.9% to 123.80 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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