(Alliance News) - Alfa Financial Software Holdings PLC on Tuesday said it is well positioned to achieve its expectations for the year ahead, as revenue jumped in the first quarter.
The London-based provider of software to automotive finance providers said revenue grew 20% to GBP31 million in the first quarter of 2025. A year ago, it had reported revenue of GBP26 million.
"Following the successful release of Alfa Systems 6, we have generated strong interest in the new additional modules available as part of the product suite, with incremental module sales closed or in progress with 17 existing customers. We continue to invest in the product with a strong focus on client-led functional enhancements, which will allow us to maintain our lead over the competition.
"We have 5 customers live on Alfa Systems 6 already, which demonstrates both ease of upgrade and demand for the new modules available as part of the product," Alfa Financial said.
It added: "We remain very confident in the overall strength of the pipeline from early stage through to late stage and are continuing with our recruitment plans across the UK, Europe and the US to accommodate the strong demand for our services."
Chief Executive Officer Andrew Denton said: "We continue to invest in the product and our people to further enhance our leading position in the market and our excellent delivery track record. We have seen no change in customer buying behaviour as a result of current macro-economic uncertainty and we are well positioned to achieve our expectations for the year."
Alfa Financial shares were 0.5% higher at 217.00 pence each on Tuesday morning in London.
By Tom Budszus, Alliance News slot editor
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Alfa Fin (ALFA)
