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StatPro Making Progress On Cloud Push As Trading Meet Expectations

Thu, 19th May 2016 08:39

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

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