Re: offer10 Nov 2016 20:44
Going higher than 10p...
· Following the momentum gained in 2015, 11 deals were signed during the period with new and existing customers, with a strong pipeline in place for H2 2016 and 2017
· The Company entered into a number of strategic partnerships in order to broaden its functional capabilities and cloud-based offerings, sales and implementation capacity
· Continued investment in product innovation
· The management remains confident in the strategy and outlook for the business
Post Period end
· Positive EBITDA and net income achieved in June, July and August 2016 with the increase in revenue and cost efficiencies
· Signing of contracts worth more than £1 million of annual revenue
· Multiple new customers and products went live
Marne Martin, CEO of ServicePower plc, commented: "ServicePower continues to execute on its strategy of innovation and development, and I am pleased with the positive momentum achieved in the period. Trading is once again in line with management expectations, on the back of a number of new deals signed in the first half of the year. We have a strong pipeline of opportunities ahead of us and I look forward to announcing further success in the second half.