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Trading Update

10 Feb 2011 07:00

RNS Number : 9811A
IS Solutions PLC
10 February 2011
 

IS Solutions Plc

("IS Solutions" or "the Company")

 

Trading update

 

Despite an uncertain economic background IS Solutions is pleased to announce that both revenue and profit grew in 2010 and its results for the year ending 31st December 2010 are expected to be in line with market expectations.

 

In the second half of the year project revenues continued to be weak (as reported at the half year) but were more than offset by the increased growth in the managed services and increasing recurring revenue from license support sales. Cash and cash equivalents remained strong through the year finishing above £1m after an increased dividend payment and the investment in SpeedTrap of £200k announced in October.

 

 

Enquiries:

John Lythall, Managing Director

Fiona Tooley

IS Solutions Plc

Citigate Dewe Rogerson

+44 (0) 1932 893333

Tel: +44 (0) 121 362 4035

 

www.issolutions.co.uk

Ticker: AIM: ISL

Charles Cunningham - Corporate Finance

Stephen Norcross - Corporate Broking

finnCap

Tel: +44 (0) 207 600 1658

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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