AGM Statement27 Feb 2014 10:02
Just what we needed:
"Idox has enjoyed a much better start to 2014 with Group revenues growing by just over 10% in the first quarter compared to the same period last year. This was predominantly the result of a significant recovery in the Engineering Information Management Division, with revenues reflecting the upturn in new business since the start of the financial year, bolstered by a more disciplined and rigorous approach to our new business pipeline management.
"In the Public Sector Software Division notable new business wins since the start of the year have included corporate land & property solutions at Trafford, Hindburn & Solihull, and election managed services at Fife, East Ayrshire, South Lanarkshire and Sheffield, leaving the Group's contracted deals ahead of the comparable period last year. The division, which now includes the Information Solutions business, has also completed a content services contract with the Welsh government.
"We are encouraged by the positive start to the year, and the board expects that the changes made to the business, which began in 2013, will deliver further benefits in the second half of the current financial year.
"We are also delighted to announce the appointment of Jane Mackie as Chief Financial Officer with immediate effect, details of which are contained in a separate announcement."