22 Oct 2014 07:36
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Don't have an account? Click here to register.EG Solutions on the up as full-year revenue to be in line with expectations
Mon, 13th Feb 2017 10:02
(ShareCast News) - Shares in EG Solutions soared on Monday as the back office software company anticipates that revenue for the year will be in line with expectations after the implementation of its strategy to profitably scale the business.At the beginning of the second half of the year, the company embarked on a strategy to profitably scale the business through a focus on sales, broadening and increasing its distribution channels and efficiency deploying internal resources.This resulted in "strong" trading in the six months ended 31 January, as the company generated record revenue for the period of no less than £5.69m, up from £2.5m compared to the previous year, and yielded adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of over £2m, up from £890,000.Cash at the end of the January was at least £2.4m.Subsequently, EG Solution expects its results for the full year to be in line with expectations on revenue of no less than £8.19m and an adjusted EBITDA of over £1.2m.During the year, the company signed several new contracts with firms in the US, Asia and Europe, as well as a new master services agreement with a business process outsourcer, which has already yielded a deployment of licences worth about £762,000 with the UK's largest energy supplier.Multi-year hosting deals have now provided a record contracted forward revenue order book of £18.5m, up from £16.2m last year.Non-executive Nigel Payne said: "The second half of the financial year was busy and the board is encouraged by the company's performance. We are delighted with the successful signing of a number of high-profile contracts and our pipeline as we enter the new financial year is strong."Shares in EG Solutions were up 25.12% to 51.30p at 0819 GMT.
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20 Aug 2014 12:49
Eg Solutions to beat current expectations for full year
Shares in Eg Solutions, a back office optimisation software company, saw its share price jump by around a third on Wednesday after the group it now expects its full-year figures to come in ahead of market expectations. Eg said the improvement was due to continued strong trading and a significant n
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2 Jul 2014 16:11
eg solutions Chief trades in 1.21m shares
Elizabeth Gooch, the acting Chief Executive Officer of eg solutions has traded in a total of 1.21m shares at 52p each, the software company said on Wednesday. Of these, 120,000 were acquired by the company's former Chairman, Rodney Baker-Bates, and a further 60,000 by Mark Brady, a non-executive d
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eg solutions ups full-year revenue outlook after contract wins
Shares in eg solutions, a back office optimisation software company, jumped after announced its revenue for the first six months of the financial year ahead of the comparative periods in 2012 and 2013. As such, its financial performance for the full year to January 31st 2015 will be ahead of its ex
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EG Solutions Full-Year Results To Beat Its Expectations
LONDON (Alliance News) - EG Solutions PLC said Tuesday that it expects its performance for the full year to end-January 2015 to be ahead of its earlier expectations, with revenue in its first half beating comparative periods in 2012 and 2013. The software company said it had recently secure
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REPEAT: EG Solutions Says Performance Since Year-End Has Been "Encouraging"
LONDON (Alliance News) - EG Solutions PLC Chairman Duncan McIntyre said Tuesday the firm is well positioned for profitable growth and enhanced shareholder value as the firm's financial performance has been encouraging since the end of 2013. In a statement released ahead of the back office s
Read more13 May 2014 11:01
EG Solutions Says Performance Since Year-End Has Been "Encouraged"
LONDON (Alliance News) - EG Solutions PLC Chairman Duncan McIntyre said Tuesday the firm is well positioned for profitable growth and enhanced shareholder value as the firm's financial performance has been encouraging since the end of 2013. In a statement released ahead of the back office s
Read more29 Apr 2014 16:16
Beazley Finance Director sells shares post-vesting
Beazley's Group Finance Director, Martin Bride, on Tuesday sold all 37,500 shares that vested under the specialist insurance company's April 2009 plan. Bride, who joined the group that year, sold the shares at 243.75p each, generating £91,406. The company delivered an impressive performance in 20
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Premier Foods chairman ups stake after poor quarterly performance
The Chairman of Premier Foods on Thursday showed his support for the branded food producer after it reported a 6.2 per cent drop in its sales for the first three months of 2014. David Beever, who has held his current role on the board since June 2012, added £100,000-worth of shares to his stake,
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EG Solutions Wins USD1.1 Million Licence Contract With Existing Customer
LONDON (Alliance News) - EG Solutions PLC Wednesday said it has won a licence contract worth roughly USD1.1 million, with an existing global bank customer for the further deployment of its operational intelligence software suite. The back office optimisation software company said the contra
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