6th Nov 2014 09:45
LONDON (Alliance News) - Xchanging PLC Thursday said it is on track to maintain adjusted operating profit at a similar level to 2013 as it positions itself for a return to revenue and profit growth next year.
The software company said its financial position remains sound, though contract closures for its Xuber insurance products are taking time to secure.
Its procurement business has seen "significant" sales success so far in the second half and Business Processing Services continues to perform well.
The company said there is no change to the expected trading outcome for the full year.
In early trading, shares in the company were down 1.8% at 180.62 pence.
By Ian Edmondson; [email protected]
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