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Commenting on the contract win, Chief Executive Steve Russell, said: "This contract win is a great example of our market leading software and continued expansion across geographies. The new system also demonstrates Bond's flexibility in its products and services."
Contract Win Bond International Software plc, the specialist provider of software for the international recruitment and human resources industries, is pleased to announce it has won a contract with one of Japan's leading temporary staffing agencies. This project is to provide licenses and services as well as ongoing support and is worth $4 million over 5 years. The contract includes development of systems and configuration to support Japanese labour law requirements. The system will incorporate the Adapt Staffing suite including front office, timesheets, and invoicing. It will manage a recruitment team of over 1000 personnel spread across 20 offices in Japan and pay approximately 35,000 temporary staff per month. The Company has been operating in Japan since 2009, and has worked with predominantly international recruitment firms. This will be the largest project with a Japanese staffing agency.
http://www.investegate.co.uk/Article.aspx?id=201207300700077440I
"We are delighted with this contract win," said Chief Executive Steve Russell. "It is a high calibre global client which further endorses our market leading product and it supports our strategy of expanding in the fast growing geography of Asia Pacific." The firm's shares rose 3.6% in early trading on Wednesday following the announcement.
Software firm Bond International said it had signed a contract worth 1.25 million Australian dollars with one of the country's largest recruitment providers. Bond failed to detail exactly which firm it was doing business with, but said its software would be installed in the mystery company's network of offices across Australia, Canada, South Africa, Hong Kong, Philippines and the UK, during the course of 2012.
"2011 has been a year of operational progress for Bond as we continue our recovery from the difficult environment of 2009 and 2010. 2012 has begun positively and we are confident that the Asia Pacific market will provide significant opportunities going forward."
Bond made a loss before tax of £1.43m, reflecting a charge on goodwill. The company benefits from UK tax credits on research, and adjusted profits after tax came in at £1.95m, a significant rise on the £0.1m figure reported in 2010. The loss per share was 3.08p while net debt was reduced by £1.5m. The proposed dividend has been increased 50% to 1.2p. Commenting on the results Chief Executive Steve Russell, said:
Bond International Software, the personnel software specialist, says improved cost controls and better market conditions boosted profits through 2011. Revenues came in 30% ahead of a difficult 2010 at £36.8m with operating margins increasing from 7.8% to 14.2% reflecting a better mix of licence and service income.
Cenkos issued a "buy" rating for Bond International Software (BDI), the software and support group for the global staffing industry. Commenting on 2010 financial year results, the broker said the numbers were a little better than forecasts with management pointing to an improving demand backdrop. The valuation remains undemanding, Cenkos added, and the quality of earnings will continue to rise as the proportion of recurring revenues grows. Shares in Bond gained 2p to 46p.
This is up on todays news but looking at the charts this has potential for a decent rise from here - will watch with interest.
Commenting on the results Chief Executive Steve Russell, said: "There is no doubt that the vertical and geographical markets in which the group operates improved in the second half of 2010 This together with the new and exciting products that the group is bringing to market gives the board optimism for 2011 and beyond.."
KEY POINTS · Revenue of £32.4m (2009: £32.5m) · Recurring revenue grew by 7% to £18.7m (2009: £17.4m) representing 58% of revenue · Operating margins (before share of joint ventures and amortisation of intangible assets) reduced to 8% (2009: 11%) reflecting: o Change in mix of licences and services o Small number of labour intensive projects o Lack of new business sales · Adjusted* profit after tax of £0.4m (2009: £1.3m) · Loss after tax £0.6m (2009: profit £171,000) · Adjusted* earnings per share of 1.23p (2009: 3.79p) · Net cash generated from operating activities of £3.3m (2009: £2.6m) · Net debt reduced by £0.42m (2009: increase in net debt of £2.17m) · Proposed dividend unchanged at 0.8p * Adjusted for the amortisation of acquired intangibles and share based payments expense.
http://www.investegate.co.uk/Article.aspx?id=201104050700072877E
Bond International falls into losses Date: Tuesday 05 Apr 2011 LONDON (ShareCast) - Recruitment software group Bond International Software fell into losses in 2010 as the effects of the previous year’s downturn continued to be felt, but said that the market improved towards the end of the year. The firm recorded a pre-tax loss of £1.2m, against a profit of £217,000 the previous year. Revenues slipped to £28.3m from £29.9m. “The downturn in trading conditions in the last quarter of 2009 carried right through 2010,” the company said. “The staffing industry has now started to recover with most companies showing signs of growth last year but only recently have we seen confidence returning sufficiently for them to start making substantial investment decisions.”
2008 Starts Strongly for eEmpACT Software with 145 New Users in January___ http://www.investegate.co.uk/Article.aspx?id=200802060701353602N
http://www.investegate.co.uk/Article.aspx?id=200801300725418101M
http://www.investegate.co.uk/Article.aspx?id=200801180701210331M