Panoply customer numbers on the rise since IPO

(Sharecast News) - Technology services company Panoply expects to report a top and bottom line performance consistent with expectations when it publishes its maiden full-year results.In its first year-end trading update since its IPO and admission to trading on AIM back in December 2018, Panoply told investors on Thursday that its improved performance had been driven by an increase in customer numbers across its constituent companies and particularly from work in the government and not-for-profit sectors.Since the IPO, a further three acquisitions were wrapped up and the relevant integration of those businesses largely completed.Panoply also said that investments had been made into its new business units, complementing and expanding its existing services and expertise, and setting it up to generate new revenue streams in the future.Chief executive Neal Gandhi said: "I'm delighted with the progress that we have made in the year. The IPO was clearly the most significant milestone as it brought together four outstanding companies, ideally placed to manage the digital transformation needs of today's world, and provided us with the platform to attract other, like-minded visionary companies."With a healthy pipeline of potential acquisition opportunities and as our investment opportunities develop further, we look forward to the future with confidence."At 1015 BST, Panoply shares were up 5.14% to 92p.