eg Solutions PLC Regulatory News (EGS)

eg solutions plc

AGM Statement

eg solutions plc (AIM: EGS), the back office workforce optimisation software group, announces that at the Annual General Meeting being held today, the Group's Chairman, Duncan McIntyre, will make the following statement:

"2015 was a transformational year for eg. The management team was strengthened by the appointment of a number of experienced directors and senior hires, who quickly had a positive impact on the Group's performance; delivering record revenues up 69% on the prior year, a substantial increase in recurring revenues, return to profitability, and improved cash generation.

Moving forwards, I'm pleased to report that the business continues to make progress in the current year, with a number of new contract wins with existing blue chip customers in a range of verticals. The revenue from these contracts will be recognised in the current financial year giving us confidence in our full year outlook. 

The Board remains committed to continued investment into increased sales, marketing and product development to drive further growth, supported by the successful £3.2 million placing completed in January. I am also pleased to report that our mobile and forecasting applications will be released in September further enhancing our offering to existing and new customers.

eg made excellent progress in 2014 and has made an encouraging start to the current year which we believe will continue on both a product and a business level."

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About eg solutions plc

eg solutions is a back office workforce optimisation software Group. eg pioneered this new market space and developed the most complete, purpose built workforce optimisation software for back offices - the only solution that manages work, people and end-to-end processes wherever they are undertaken, anywhere in the world.

Our software is now used by leading UK, international and global companies in multiple industry sectors including financial services, healthcare and utilities.

Using our forecasting, scheduling, real-time work management and operational analytics capabilities, we deliver measureable improvements in service, quality, productivity and regulatory compliance. When supported by our implementation and training services we guarantee return on investment in short timescales.

Regardless of who is serving the customer - call centre, back offices, branches or the field - our solutions provide true insight into the full customer service process and promote world-class operational management capability.

The Group is listed on AIM, the London Stock Exchange's international market for smaller growing companies (EGS).