Ingenta PLC - Oxford, England-based provider of software and services to the publishing industry - Expects revenue to have grown 2.9% to GBP10.8 million in 2023, from GBP10.5 million a year prior. Eyes pretax profit jump of 42% to GBP1.7 million from GBP1.2 million. Intends to pay a dividend of 4.1 pence per share, up 16% from 3.45p. Expects year-end cash balance of GBP2.7 million, up 13% from GBP2.4 million a year ago. Chief Executive Officer Scott Winner says: "New sales activity was weighted to the second half of the year but we successfully deployed 2 sites in the first half and commenced a further 4 in the second half of 2023." He adds: "Elsewhere in the business, I’m delighted to report the addition of 3 new customers onto our IP management platform. These deals are for music and media partners across the globe and add further momentum behind our expansion into adjacent vertical markets."
Current stock price: 157.09 pence, down 10% on Wednesday
12-month change: up 36%
By Tom Budszus, Alliance News slot editor
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Ingenta (ING)