31 Jul 2014 15:45
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Wed, 23rd Jan 2019 15:34
(Sharecast News) - Cloud-based portfolio analysis and asset pricing service provider StatPro Group updated the market on its trading for the year ended 31 December on Wednesday, reporting that group revenue was expected to be about £54.7m, up from £49.3m year-on-year.The AIM-traded firm said group Adjusted EBITDA was expected to be approximately £9.0m, a 32% improvement over 2017, with its adjusted EBITDA margin being higher than 16%, compared to 13.9% in the prior year.Group annualised recurring revenue was ahead 4% at £55.7m, with StatPro Revolution annualised recurring revenue increasing organically by 17%.StatPro said its annualised recurring revenue renewal rate was 92%, up from 89%.Net debt stood at £24.6m, rising £20.2m year-on-year, which the board said reflected acquisitions and investments in ODDO-BHF, Investor Analytics and Infovest.As it had previously announced, the Delta business would be integrated directly with the Revolution platform, which the directors claimed removed any uncertainty for StatPro clients regarding the future of the Delta service."Sales in the fourth quarter last year were robust, notably achieving a higher organic growth in Revolution annualised recurring revenue," said group chief executive officer Justin Wheatley."Overall we signed 20 clients in eight different countries for contracts greater than $100k per annum, including seven banner deals in 2018, underscoring the momentum we are building across the industry."Wheatley said that, as the company had stated before, it was focused on improving its margins and had delivered a significant increase in adjusted EBITDA margin in 2018."This remains a focus for the current year."Following a period of investment in cloud technology, the rapid changes in the asset management industry and our deepening relationships with asset management service providers, we are strategically well placed for growth."
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31 Jul 2014 05:24
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Wednesday broker round-up UPDATE
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DIRECTOR DEALINGS: Statpro Chairman Buys Shares
LONDON (Alliance News) - Statpro PLC Wednesday said Chairman Carl Bacon bought 10,000 shares at a price of 88.7 pence per share into his self-invested pension plan Tuesday. The company also said Bacon's wife purchased 9,000 shares into her SIPP account at 85.25p per share and sold 9,000 sha
Read more14 May 2014 10:23
Statpro Says Trading So Far In 2014 Has Met Its Hopes
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Read more12 Mar 2014 11:32
StatPro Raises Total Dividend, Pretax Profit Hit By Higher Costs
LONDON (Alliance News) - StatPro Group PLC Wednesday raised its total dividend for 2013 and posted a decline in pretax profit, as a slight rise in revenue was offset by higher operating expenses. The cloud-based financial software systems company posted a total dividend of 2.8 pence, up fro
Read more23 Jan 2014 12:45
StatPro Trading In Line With Expectations
LONDON (Alliance News) - StatPro Group PLC said Thursday it had traded in line with expectations in the year ended December 31 2013, as it saw recurring revenue from its StatPro Revolution software more than double, while revenue from its StatPro Seven software declined. StatPro provides so
Read more23 Jan 2014 08:19
UK MORNING BRIEFING: Pearson Warns On 2013, As China Data Disappoints
LONDON (Alliance News) - Shares have opened lower Thursday following disappointing PMI figures from China. Financial and education publisher Pearson is down 5.9% at the open after saying its 2013 performance was weaker than expected, particularly in North America.
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27 Nov 2013 12:00
18 Oct 2013 07:49
Demand grows for StatPro's cloud-based services
Asset management services group StatPro said that third-quarter trading was in line with expectations with a higher rate of new business signed for its fast-growing cloud-based portfolio analysis service, StatPro Revolution. StatPro Revolution's annualised recurring revenue surged by around 85% in
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