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Trading Update

13th Oct 2014 07:00

RNS Number : 0655U
Fusionex International PLC
13 October 2014
 

For Immediate Release

13 October 2014

 

 

 

Fusionex International plc

("Fusionex", "the Company" or "the Group")

 

Trading Update

 

Fusionex, an award-winning and market leading international software provider specialising in Business Intelligence, Analytics and Big Data, is pleased to provide the following trading update for the year ended 30 September 2014.

 

During the period, the Group has continued to make good progress securing new client mandates for its big data analytics platform, GIANT, in addition to further broadening its geographical reach, particularly in the Asia Pacific region.

 

Demand for the Company's award winning GIANT solution remains strong. In addition, the Group's partner channel network for GIANT continues to make positive headway with announced agreements in place with Cloudera, Hortonworks, Revolution Analytics, EMC and AvNet.

 

Management remains confident that a combination of the Group's strong market position within the Asia Pacific region, significant sales momentum underpinned by new GIANT mandates, and on-going investment in R&D will continue to generate exciting growth.

 

The Company continues to maintain a strong cash position, and the Board anticipates that the Company's full year results will be at least in line with market expectations.

 

For further details:

Fusionex

Ivan Teh, Chief Executive Officer

Yuen Choong Lai, Chief Financial Officer

 

Through Buchanan

 

Panmure Gordon

Fred Walsh, Alina Vaskina, Ben Roberts (Investment Banking)

Tom Nicholson, Charles Leigh-Pemberton (Corporate Broking)

020 7886 2500

Buchanan

Jeremy Garcia, Gabriella Clinkard

www.buchanan.uk.com

020 7466 5000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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