LONDON (Alliance News) - StatPro Group PLC on Wednesday said revenue and profit in the first nine months of 2016 were in line with its expectations.
StatPro, which provides portfolio analysis and asset-pricing services to the asset management industry, said annualised recurring revenue for its StatPro Revolution cloud-based portfolio analysis service grew 81% to the end of September.
The company said StatPro Revolution now produces 39% of the company's annualised recurring revenue, up from 25% at the end of September 2015.
"We are delighted by the reception that Revolution Performance has received from clients, prospects and industry specialists following its recent launch and subsequent marketing events around the world," said Justin Wheatley, StatPro's chief executive.
Shares in StatPro were up 1.8% to 113.00 pence early Wednesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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