Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Regulatory and compliance software maker Ideagen reported a jump in first-half profit following an uptick in revenue.
For the six months ended 31 October 2020, pre-tax profit rose to £1.2 million from £93,000 year-on-year as revenue increased to £29.2 million from £27.3 million.
Annual recurring revenue was up 13% at approximately £54.8 million.
'Trading since the period end has remained robust and we continue to see strong demand for our products from new potential customers,' the company said.
'The previous acquisitions are integrating and performing well and the board has every confidence in the continued prospects for the group,' it added.
At 9:15am: (LON:IDEA) Ideagen PLC share price was 0p at 227.5p