(Alliance News) - D4t4 Solutions PLC on Tuesday reported a fall in revenue and a narrow rise in profit in its annual report.
Shares in D4t4, a Middlesex, England-based data management platform, jumped 9.0% to 171.60 pence in London on Tuesday morning.
D4t4 said in the year ended March 31 its pretax profit jumped to GBP2.4 million from GBP1.8 million. Adjusted pretax profit was GBP3.8 million, up from GBP3.3 million.
The company said the difference between adjusted and unadjusted was due to a charge for share-based payments arising from share option grants during the year of GBP900,000, and restructuring costs of GBP500,000, and amortisation of intangible assets of GBP300,000.
Revenue was down 13% to GBP21.4 million from GBP24.5 million. However, the company noted that software revenue, excluding third-party hardware, was up 9.6% to GBP19.1 million, from GBP17.5 million the prior year.
Chair Peter Simmonds said: "The group has made strong progress over the last twelve months, and whilst the results fell short of earlier expectations, the underlying trends are very positive".
The company declared a final dividend of 2.15 pence per share, bringing the total dividend to 3.03p, up 3.8% from 2.92p the prior year.
Chief Executive Officer Bill Bruno said: "I'm pleased with the effort from the team globally, and we will continue to improve our investments and strategy in a data driven manner.
"We have transformed quickly and efficiently as a business, and that speed will continue alongside the growing pipeline. We have started the new financial year well and we are confident in our ability to deliver growth."
The company said it has started the new financial year with a strong pipeline, and its leadership was focussed on delivering new customer wins, increased revenue, and customer satisfaction.
"The group has a healthy cash balance to fund necessary investments into growth and I'm delighted to report that the board is highly confident in the group's strategy and our ability to deliver growth and create significant shareholder value in the coming years," said Chair Peter Simmonds.
By Will Neill, Alliance News reporter
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