Aptitude Regulatory News (APTD)

11 Jan 2005 07:00

microgenInformation Management Solutionswww.microgen.co.uk11 January 2005 Trading Update Microgen plc ("Microgen"), the IT software and services company, provides itstrading update for the year ended 31 December 2004.In the second half of the financial year, operating margins have remainedstrong due to high consultant utilisation and increasing average fee rates, asconsultancy resources have been migrated into sectors where Microgen hasexperienced increased demand, particularly Financial Services. The successfulintegration of the Group's acquisitions over the past three years, and theorganic development of Microgen's businesses during 2004, have strengthened theGroup's focus on the Financial Services sector, such that software, consultancyand services delivered into this sector in Q4 accounted for over 60% of Grouprevenue.In addition, following the acquisition of AFA Systems plc, which was declaredwholly unconditional on 13 September 2004, the rapid integration programme hasresulted in a positive profit contribution from the business in both Novemberand December, ahead of schedule.As a result, it is now anticipated that the full year revenue will be in linewith expectations and profit before tax, goodwill and exceptional items will beahead of expectations.Microgen will announce its preliminary results for the year ended 31 December2004 on Wednesday 23 February 2005.Enquiries: Microgen plc www.microgen.co.uk Mike Phillips, Group Finance Director 01753-847122 Financial Dynamics Giles Sanderson 020-7831-3113 Ben Way END