9th Jul 2007 07:00
Microgen PLC09 July 2007 Microgen plc Information Management Solutions 9 July 2007 Trading Update The Board anticipates issuing the interim results for the six month period ended30 June 2007 in late July. The Board currently anticipates reporting profitbefore tax, intangible amortisation and exceptional items slightly ahead ofmanagement expectations, with operating margins ahead of the Board's definedobjective. The Group's Banking, Asset & Wealth Management and Billing Divisions have alldelivered organic growth compared to the second half of 2006. The Board hasconsolidated the Group's Energy and Consultancy & Application Managementbusinesses into a single operating division and has continued to reduce itsexposure to general IT consulting. As a result, the proportion of revenuederived from Microgen software is anticipated to continue to increase throughout2007. Microgen Aptitude has continued to gain momentum with successes in the financialservices and commercial sectors. The prospect bank for the second half isparticularly strong in the Banking Division, where the benefits of MicrogenAptitude's event driven architecture, high transaction processing performanceand flexible solutions are driving a strong recovery. Overall, the Board considers the first half of the year to have delivered astrong performance, with organic growth now being experienced in three of theGroup's four operating divisions, together with continued strong operatingmargins and good operating cash flow. Contact : Martyn Ratcliffe, Chairman 01252-772300Philip Wood, Group Finance Director Giles Sanderson, Financial Dynamics 020-7831-3113Haya Chelhot, Financial Dynamics This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Aptitude