(Alliance News) - Shares in Dillistone Group PLC jumped on Wednesday as the company said it expects full-year performance to be in line with market expectations.
Shares in the Basingstoke, England-based supplier of software and services to the recruitment industry were up 14% to 23.85 pence each in London on Wednesday morning.
Dillistone said that both its contingency and executive search products are performing in line with expectations, or better than anticipated, at this point in the year.
The company, which develops, markets, and supports the Talentis, FileFinder, Infinity, Mid-Office, ISV, and GatedTalent products, said that its Talentis arm is continuing to "grow rapidly". Talentis is a recruiting software designed to help recruiters search for candidates.
In the first quarter of 2022, recurring revenue from Talentis doubled that delivered in the last four months of 2021. "The current quarter is likely to see a further doubling in which case it will become the fourth successive quarter in which realised recurring revenue has doubled on the previous period," Dillistone added.
Looking forward, the company expects growth to slow over the "traditionally quiet summer", but it remains confident that it will pick back up in the final months of the year.
Chair Giles Fearnley said: "The business is trading in line with market expectations for the full year."
By Sophie Rose; sophierose@alliancenews.com
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Dillistone (DSG)