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Sopheon swings to profit in first half

Thu, 25th Aug 2016 11:21

(ShareCast News) - Sopheon swung to a profit in the first half of the year as revenue grew and the company said revenue visibility for the year has improved.For the six months to the end of June, the AIM-listed software and services provider reported a pre-tax profit of $1.6m compared to a $0.5m loss in the first half of last year, as revenue rose to $11.5m from $8.4m.Earnings before interest, tax, depreciation and amortisation increased to $2.9m from $0.9m and Sopheon said 20 license transactions were closed in the period from new and existing customers compared to 15 in 2015.This included "a very substantial" order from an existing enterprise tier customer, meaning that although license deal volume increased by a third, license revenues doubled. Meanwhile, services revenues increased by over 50%, largely through delivering implementations on the back of the substantial deal activity in the final months of 2015, a number of which are with enterprise class customers. Sopheon said revenue visibility for the full-year 2016 now stands at $18.4m compared to just under $17m at the time of the annual general meeting in June and $15m in the previous year.Chairman Barry Mence said: "The momentum shift we first noted in our interim report a year ago has delivered a strong performance in 2015, as well as a strong first half for 2016. This shift has been made possible by the strategic and operational changes we initiated two and a half years ago, in reaction to market conditions that we could see were beginning to evolve - as increasingly now evidenced by third party validation from industry analysts."We believe that Sopheon is well positioned to capitalise on the opportunities and deliver continued progress." At 1125 BST, Sopheon shares were up 13% to 263.66p.
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13 Jun 2019 17:17

Sopheon On Track To Meet 2019 Forecast; Revenue Visibility Maintained

(Alliance News) - Sopheon PLC on Thursday said it is confident of meeting its expectations in 2019, with revenue visibility similar to last year and expected to rise over summer.Sopheon to

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28 Mar 2019 12:09

Sopheon climbs after partnering with major Pakistani foods company

(Sharecast News) - Sopheon's shares climbed on Thursday after it entered a partnership with National Foods Limited, a food company headquartered in Karachi, Pakistan, that has subsidiaries in the United Arab Emirates, United Kingdom and Canada.

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21 Mar 2019 12:06

Sopheon sales visibility softens

(Sharecast News) - Sopheon's shares slipped on Thursday despite outperforming in 2018 after the software developer reported that revenue growth was likely to slow in the current year.

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21 Mar 2019 09:02

Sopheon Pleased With Annual Performance As Revenue And Profit Do Well

LONDON (Alliance News) - Business software firm Sopheon PLC on Thursday said it outperformed financially in 2018, with both revenue and earnings rising.For 2018, revenue increased 19% to on

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29 Jan 2019 11:02

Sopheon raises full-year guidance again

(Sharecast News) - Software provider Sopheon raised its full-year profit forecasts again on Tuesday as a result of higher revenues and lower than planned costs.

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29 Jan 2019 10:38

Sopheon To Beat Market Expectations As Revenue Grows In 2018

LONDON (Alliance News) - Sopheon PLC on Tuesday said it expects 2018 earnings to come in ahead of market expectations following strong revenue growth and reduced expenses.The enterprise now

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11 Jan 2019 09:15

Sopheon Expects 2018 Revenue In Line And Profit Ahead Amid Strong Year

LONDON (Alliance News) - Software company Sopheon PLC said Friday it expects 2018 revenue to be in line with market expectations and profit to outperform.In October, Sopehon reported its to

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11 Jan 2019 08:38

Sopheon expects revenues to be 'comfortably in line' with upgraded guidance

(Sharecast News) - Software provider Sopheon expects full-year revenues to be "comfortably in line" with upgraded market expectations after a solid fourth quarter performance.

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8 Jan 2019 09:19

Sopheon To Deploy Accolade Software At US Chocolate Maker Hershey

LONDON (Alliance News) - Software and services provider Sopheon PLC said on Tuesday it has signed a partnership with US chocolate bar maker Hershey Co for the deployment of its Accolade is a which

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8 Jan 2019 08:27

Sopheon partners with Hershey's in innovation portfolio transformation

(Sharecast News) - Software provider Sopheon has inked a deal to support The Hershey Company in the digital transformation of its product innovation portfolios.

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23 Oct 2018 16:57

Sopheon expands into health and wellness segment with contract win

(Sharecast News) - Sopheon signed an agreement on Tuesday with The Nature's Bounty Co. for the enterprise-wide deployment of its Accolade software.

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23 Oct 2018 10:22

Sopheon Signs Contract To Deploy Accolade With The Nature's Bounty

LONDON (Alliance News) - Software and services provider Sopheon PLC said on Tuesday it has signed a contract with health products retailer The Nature's Bounty Co for the deployment of its is a

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8 Oct 2018 11:39

Sopheon To Exceed Market Expectations After Record Third Quarter

LONDON (Alliance News) - Sopheon PLC said Monday it has scored a record performance in its third quarter and now expects to exceed annual market expectations.Sopheon said the market for its

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8 Oct 2018 08:18

Sopheon set to trump expectations after new customers sign up

(Sharecast News) - Enterprise innovation management software provider Sopheon saw its shares jump on Monday after it reported that its full-year results are on track to exceed expectations after new business wins.

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10 Sep 2018 16:01

Sopheon's confidence in SaaS grows with Doosan Bobcat contract

(Sharecast News) - Enterprise innovation management software provider Sopheon on Monday won a contract to provide Doosan Bobcat North America with its Accolade software.

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