(Alliance News) - Idox PLC on Thursday hailed its performance in the six months to April 30, the results of which it will release in early June.
Idox is a Reading, England-based supplier of information management software for public and "asset intensive" sectors.
The company said its order intake in the half-year grew 23% to GBP52 million. The figure would be 30% higher than GBP40 million reported in the first half of financial 2022.
Meanwhile, Idox turned to net cash position of around GBP1 million as of April 30, from net debt of GBP6.7 million at October 31.
Further, Idox expects a 10% climb in adjusted earnings before interest, tax, depreciation and amortisation to around GBP12 million from GBP11.0 million, in line with own expectations. Revenue is set to be around 8.4% higher at around GBP36 million from GBP33.2 million.
Looking ahead, Chief Executive Officer David Meaden said the company is on track to deliver on its plans for the rest of 2023.
The company will release its half year results on June 8.
Idox shares were 0.5% higher at 66.90 pence each in London on Thursday afternoon.
By Tom Budszus, Alliance News reporter
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Idox Group (IDOX)