LONDON (Alliance News) - IS Solutions PLC Monday raised its interim dividend by 9.1% as it saw increases in revenues and pretax profits, boosted by strong second-quarter bookings in its Analytics and Enterprise Content Management businesses.
The hardware and analytics software company proposed an interim dividend of 0.48 pence, up by 9.1% from 0.44 pence the previous year.
For the half year ended June 30 the company posted revenues of GBP5.0 million, up from GBP4.5 million in the previous year. It had a pretax profit of GBP345,000, increased from GBP337,000.
The company said that, based on its first-half performance and its strong bookings at the end of the second quarter, it was confident it will achieve current market expectations for growth in earnings per share. IS Solutions's Analytics business saw an increase in bookings of 258% in the recent half compared to the same period a year ago.
Although the first quarter of 2013 had seen a slow start, the company said, positive news about the UK economy had been reflected in its strong bookings and new businesses in the second quarter, which would help to underpin its growth for the rest of the year.
Shares in IS Solutions were trading down 1.1% at 45.00 pence Monday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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