LONDON (Alliance News) - IS Solutions PLC on Monday said it expects its profit to be significantly ahead of market forecasts for the full year following recent success in winning new contracts.
The data and analytics company said it has seen stronger demand for sales across its divisions in the first months of 2016, with both trading well ahead of budget. It has won two new contracts in the retail and financial services sector which will add another GBP2.0 million to its revenue for the financial year to the end of March.
As a result of the contract wins, the group said it anticipates it will beat market expectations for profit for the full year and said it forecasts a similar outperformance for the 2017 financial year.
IS Solutions shares were up 25% to 117.5 pence early Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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