1 Oct 2013 07:00
1 October 2013
Nasstar plc
("Nasstar" or the "Company")
Pre-close Trading Statement
Nasstar (AIM: NASA), the hosted desktop cloud service provider, is today providing a pre-close trading statement following the end of its financial year ended 30 September 2013.
Live Hosted Desktop subscribers have risen 33% since October 2012 to over 2,400. The Directors are particularly encouraged by recent contract wins and the Company's current pipeline.
Turnover for the full year will be in the region of £2.0 million. During the year ended 30 September 2013 the Company has traded within management's expectations and made positive progress from both a sales and technical infrastructure perspective. We have identified during the year additional services we can provide around our core Hosted Desktop product which we expect will increase the average revenue per user and further enhance the value proposition of our cloud services.
Charles Black, CEO of Nasstar, said:
"We believe we have an opportunity to materially increase our recurring revenue in the new financial year as we sign up new customers and increase the provision of additional services we are now offering to help businesses which are transforming their IT by moving to our cloud service."
Nasstar plc |
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Charles Black, Chief Executive Officer | 020 7148 5000 |
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Allenby Capital Limited, Nominated Adviser and Broker | ||
Nick Naylor James Reeve | 020 3328 5656 |
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Gresham PR Limited |
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Neil Boom | 07866 805108 |
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About Nasstar plc
Nasstar (www.nasstar.com) provides Hosted Desktop, a cloud computing service that enables subscribers to access their desktop, applications and data in the cloud rather than using local hard drives. Hosted Desktop is a highly scalable service that provides benefits including anywhere access to computing, a standardised corporate desktop solution that can be accessed globally and in multiple languages and cost savings when compared to the traditional IT ownership model, replacing capital expenditure with a simple usage based payment model.
Nasstar was founded in 1998 by Charles Black. Nasstar plc was admitted to trading on the London Stock Exchange Alternative Investment Market in December 2005 (AIM: NASA).