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StatPro Making Progress On Cloud Push As Trading Meet Expectations
LONDON (Alliance News) - Portfolio analysis and asset pricing services provider StatPro Group PLC on Thursday said trading in the first quarter of 2016 met its expectations.
Chairman Carl Bacon, in comments to be given at the company's annual general meeting, said the group has continued to make progress on shifting to become a pure cloud-based analytics service provider, with around 36% of its annual revenue coming from this segment.
Sales for the StatPro Revolution cloud-based service have continued to grow, and the group said the StatPro Revolution Performance product is on track for launch in the third quarter of 2016.
StatPro shares were untraded on Thursday, having last traded at 74.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Latest SOG News
- StatPro half-year recurring revenues soar 26%
19 Jul 2016 - StatPro Recurring Revenue Grows In Half And On Track For Full Year
19 Jul 2016 - StatPro Wins GBP1.2 Million, Five-Year Deal With US Financial Group
14 Jun 2016 - StatPro Wins GBP2.3 Million Deal With Australian Financial Group
6 Jun 2016 - BROKER RATINGS SUMMARY: Goldman Sachs Upgrades BT To Conviction Buy
19 May 2016 - AGM, EGM Calendar - Week Ahead
12 May 2016 - StatPro Group Predicts Advantages From Shift To Cloud Products
9 Mar 2016
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