Trading Update

eg solutions plc

Trading Update

Continued positive momentum

eg solutions plc (AIM: EGS), the back office optimisation software company, is pleased to announce an update on current trading for the period ending 31 January 2015.

The Board is pleased to report that the positive momentum reported on 17 December 2014 has continued and full year results are expected to be marginally ahead of consensus expectations.

Revenues increased by approximately 67% on the prior year providing good momentum through the year and resulting in a pleasing return to profitability.

During the period recurring revenues have increased 69% year-on-year, and now represent approximately 50% of total expected revenues for the current financial year. The visibility provided by the increase in recurring revenues has resulted in an order book which now stands at £15.0m to be recognised over the next 3-4 years.

To ensure eg capitalises on the significant market opportunity, there has been significant investment in the period and following the £3.2m capital raise announced on 17 December 2014, the Company remains well funded for the Board's growth plans and continues to be well supported by its shareholders.

The Company will be announcing its results for the year ended 31 January 2014 on 25 March 2015.

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About eg solutions plc

eg solutions is a back office workforce optimisation software company. eg pioneered this new market space and developed the most complete, purpose built workforce optimisation software for back offices - the only solution that manages work, people and end-to-end processes wherever they are undertaken, anywhere in the world.

Our software is now used by leading UK, international and global companies in multiple industry sectors including financial services, healthcare and utilities.

Using our forecasting, scheduling, real-time work management and operational analytics capabilities we deliver measureable improvements in service, quality, productivity and regulatory compliance. When supported by our implementation and training services we guarantee return on investment in short timescales.

Regardless of who is serving the customer - call centre, back offices, branches or the field - our solutions provide true insight into the full customer service process and promote world-class operational management capability.

The Company is listed on the Alternative Investment Market ('AIM') of the London Stock Exchange (EGS)