LONDON (Alliance News) - IT managed services provider Redcentric PLC on Thursday said earnings and revenue for the financial year to the end of March will be in line with its expectations.
The company said it saw the positive momentum in the first half continued into the second, with contracted revenue growing thanks to new client wins and expanded deals with existing customers.
Earnings before interest, taxation, depreciation and amortisation margins have continued to improve, Redcentric said, leaving it on track to deliver Ebitda and revenue in line with its expectations for the full year.
Redcentric said its sales momentum remains robust and its strong pipeline of future bidding opportunities gives confidence in its outlook.
Redcentric will publish its annual results on June 16.
Shares in Redcentric were down 1.5% to 196.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Redcentric (RCN)