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Electronic Data Processing Says Sales Returned To Normal In Second-Half

Thu, 07th Aug 2014 09:26

LONDON (Alliance News) - Electronic Data Processing PLC Thursday said its sales volumes have settled in the second-half of its financial year, having been hit in the first-half by delays to a number of customer orders.

The IT solutions provider reiterated its guidance from its interim results to the end of March, saying sales in the second-half have returned to more normal levels in the period to August 6. As a result, revenues in the second-half are so far consistent with the comparable period a year earlier.

The firm said its contracted recurring revenues are still strong and said they represent 83% of turnover in the year-to-date.

It also said it paid an interim dividend of 3 pence per share to shareholders on August 1.

Electronic Data Processing shares were untraded on Thursday, quoted at 72.5 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance