Final results21 Jul 2017 13:52
Share price so far remaining constant, as from 15th. May. Sells being accumulated by background buyer.
There being no negativity within the final results, I've pulled out a few pointers the directors have chosen to give. No doubt they will RNS any wins they view as significant, whilst at the same time continuing with the cross selling.
"Despite early teething issues previously noted, I'm delighted to say that the business has now dealt with these and as we enter our fourth year, we fully expect the company to demonstrate its growth potential."
"The organic growth of the business is building on the back of the acquisitive growth. Our contracted backlog of revenue has grown by over 40%, which gives us good forward visibility of revenue."
"Post year end, a new operational structure has been put in place with clearly aligned objectives and sales teams have been tasked with defined territories and targets. The initial feedback has been positive, both internally and from customers."
"Post year-end we have had a number of successes selling our software products on a cloud basis. Combined with the general long term nature of the contracts entered into, selling our products on a hosted basis gives greater recurring revenue and greater visibility of earnings and cash flow as we move forward."
"The new financial year has started in line with expectations, with a large, engaged customer base, a strong order pipeline and the right structure in place to maximise this significant market opportunity."
"With the team currently in place, a broad customer base, a wide range of products and services and solid cash flows enabling repayment of debt, I am confident of our future success and I expect that the Group will show further growth when it next reports."
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