results25 Jun 2013 08:17
Results as expected:
Cash generation increased 10% to £10.2m (H1 2012: £9.3m)
· Interim proposed dividend of 0.30p, 9% increase over last year demonstrating the Board's confidence in the business
Chairman's statement, very positive:
"While our trading performance in the first half was disappointing, principally due to the delays in completing expected large deals in the Engineering Information Management division, it should be judged against the context of a larger and more developed qualified prospect pipeline across all our divisions and an expansion in the Company's global sales capability. This encouraging backlog of orders and professional services work, together with a greater emphasis on managed service contracts, gives us confidence for a much improved second half and the Board confirms expectations for the full year."