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24 Oct 2016 07:00
For Immediate Release | 24 October 2016 |
Fusionex International PLC
("Fusionex" or "the Group")
Trading Update
Fusionex, a multi-award winning international software solutions provider specialising in Big Data Analytics, Artificial Intelligence and the Internet of Things ("IoT"), is pleased to provide the following trading update for the year ended 30 September 2016 ("FY2016").
Building on momentum achieved in the first half of the 2016 financial year, Fusionex has continued to deliver on its strategy and make progress throughout the rest of the year. In particular, the Group successfully launched the next generation of its proprietary Big Data Analytics ("BDA") platform, 'GIANT 2016', in June 2016. In addition to providing blue-chip enterprise organisations with the most complete BDA software in its space, GIANT 2016 has opened up a new addressable market across small and medium sized businesses ("SMEs"). The pipeline for GIANT 2016 is substantial.
The Group's steady progress has underpinned a strong FY2016 financial performance. The Board anticipates that revenue will be in line with market expectations and, despite the significant planned investment in the marketing and promotion of Fusionex's products, EBITDA is expected to be significantly ahead of market expectations.
The Board expects the positive momentum experienced in FY2016 to continue in the current year.
For further information please contact:
Fusionex Ivan Teh, Chief Executive Officer Yuen Choong Lai, Chief Financial Officer Darren Hopkins, Director of Investor Relations & Corporate Development
| Through Buchanan |
Panmure Gordon (Nominated Adviser and Joint Broker) Andrew Godber, Alina Vaskina (Investment Banking) Charles Leigh-Pemberton (Corporate Broking) | 0207 886 2500 |
Peel Hunt LLP (Joint Broker) Richard Kauffer, Euan Brown |
0207 418 8900 |
Buchanan Sophie McNulty, Stephanie Watson, Patrick Hanrahan |
0207 466 5000 |
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