nice!3 Dec 2013 07:13
Highlights
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Revenue up 23% at £7.7m (H1 2012: £6.3m)
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Gross profit up 28% at £4.5m (H1 2012: £3.5m)
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62% of gross profit from recurring revenue streams¹ (H1 2012: 53%)
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Trading group EBITDA² up 9% at £1.4m (H1 2012: £1.3m)
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Group EBITDA³ up 7% at £1.1m (H1 2012: £1.0m)
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Cash of £3.6m at period end (30 September 2012: £1.5m), reflecting strong cash generation of the business
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Acquisitions of Signify Solutions Limited ("Signify"), the UK's leading provider of managed service Two Factor Authentication ("2FA") for net cash consideration of £2.6m in June 2013
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Post period end acquisition of Eqalis Limited ("Eqalis"), Splunk's leading UK partner for net consideration of £1.9m in November 2013
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Early settlement of the earn-out on EdgeSeven Limited ("EdgeSeven") for £2.5m in May 2013
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Payment of maiden final dividend of 0.4p per share in September 2013
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Appointment of Andrew Cooke as operations director of Accumuli Security