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Cash rolling in at SciSys

Fri, 20th Jan 2012 07:27

Buoyed by strong order intake in the final quarter of 2011, software solutions provider SciSys reckons it is likely to enjoy further growth in sales, profits and net margins in 2012.The group said it performed in line with expectations in the second half of last year, despite the board having some misgivings about market conditions at the interim stage, and full-year adjusted earnings before interest, tax and amortisation should be more or less what the market is expecting.Net operating margins improved during the year and cash inflows remained healthy. The company's balance sheet has further strengthened such that borrowings secured to fund the acquisition of its head office freehold premises during the year for £5.0m were balanced by cash deposits at the year end. Earnings are likely to continue to benefit from an overall low effective corporation tax rate and the board anticipates that it will maintain its progressive dividend policy. The group's Space and Government & Defence divisions finished 2011 on a strong footing with a number of key contract wins underpinning their prospects for 2012 and beyond. The Environment division's short term order book remains less certain, although its prospective new business pipeline, as illustrated by the recent award of contracts by the UK Met Office, enables the board to feel optimistic that the division will achieve its targets for the year. Following good performances from the Applications Support and Media Broadcast divisions in 2011, the board anticipates that these divisions will continue to perform positively and in line with expectations for 2012.

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17 Oct 2018 12:59

Scysis to re-domicile to Ireland in Brexit contingency plan

(Sharecast News) - Software company Scisys has announced plans to create a holding company incorporated in Ireland as part of its Brexit contingency plans.

20 Sep 2018 11:19

SCISYS Hikes Payout As Swings To Profit On Revenue Growth, Costs Fall

LONDON (Alliance News) - Software firm SCISYS PLC hiked its interim dividend Thursday after it swung to a profit amid revenue growth and a fall in one-off costs associated with a recent the six to

13 Sep 2018 16:04

UK Earnings, Trading Statements Calendar - Next 7 Days

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30 Aug 2018 14:29

SCISYS flags decent first half performance

(Sharecast News) - Bespoke software systems supplier SCISYS updated the market on its trading on Thursday, saying it would announce its interim results for the half year to 30 June on 20 September.

30 Aug 2018 11:31

Scisys Expects Progress In 2018 With Improved First-Half Performance

LONDON (Alliance News) - Software and IT solutions supplier Scisys PLC said Thursday it is confident it will deliver year-on-year progress in 2018.Scisys shares were trading up 6.6% at that

21 Jun 2018 16:03

UK Shareholder Meetings Calendar - Next 7 Days

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27 Mar 2018 12:49

SCISYS Positive On 2018 Outlook After Revenue And Profit Rise In 2017

LONDON (Alliance News) - SCISYS PLC on Tuesday said its outlook for the year ahead is "very encouraging", after reporting a rise in revenue and profit for technology

9 Feb 2017 08:30

Scisys to design mission control system for weather forecasting programme

(ShareCast News) - Software company Scisys has won a €1.9m contract with technology firm GMV to design a mission control system to support a weather forecasting programme for a European intergovernmental organisation. The AIM-listed company will design and implement a bespoke mission control system

7 Feb 2017 13:02

Scisys wins Mars rover software contract

(ShareCast News) - Scisys has won a €3.7m contract from Thales to help design software for the Mars rover vehicle as part of the European Space Agency's 2020 scientific mission. In its second involvement with the ExoMars programme, the AIM-listed company will work with Thales Alenia Space Italia on

3 Jan 2017 09:58

Scisys completes acquisition of Annova Systems for £9.7m

(ShareCast News) - Information and communications technology provider Scisys has completed the acquisition of Munich-based software provider Annova Systems for €11.35m (£9.7m), in order to put it in "a stronger market position" across Europe. The acquisition, which is expected to be "strongly" earni

19 Dec 2016 07:50

Scisys to build operations centre for Franco-German satellite mission

(ShareCast News) - AIM-listed software company Scisys has won a €3.3m contract with aircraft maker Airbus to build the payload operations centre for a Franco-German satellite climate mission. Scisys signed a contract with Airbus' defence and space division to provide central functions for the payloa

24 Nov 2016 10:32

Scisys buys Germany´s Annova Sytems for £9.7m

(ShareCast News) - Software company Scisys bought Munich-based Annova Systems, a software provider for €11.35m (£9.7m) which puts it in "a stronger market position" across Europe. The acquisition, which is expected to be "strongly" earnings enhancing from 2017 onwards, will be funded via a new bank

17 Nov 2016 10:41

Scisys sharers rise at it revises full year outlook

(ShareCast News) - Shares in Scisys rose as the supplier of bespoke software systems to the space, defence, government and commercial sectors updated its outlook for the year, following "strong" trading in the second half. The AIM-listed company now expects adjusted operating profit, before exceptio

17 Nov 2016 10:24

WINNERS & LOSERS SUMMARY: NAHL Hit By UK Crackdown On Whiplash Claims

9 Nov 2016 09:20

Sciys wins space satellite contract with OneWeb

(ShareCast News) - Sciys, a supplier of bespoke software systems, has won a contract with OneWeb to deliver satellite mission-planning software based on its Pleniter product. OneWeb, a global satellite communications provider, will use the software for its satellite constellation, which is being

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