Blue Prism sees FY trading comfortably ahead of expectations

Blue Prism said it expects trading for the year ended 31 October to be comfortably ahead of its existing expectations.

It said this was based on momentum having continued in the final quarter of the financial year.

Chief executive Alastair Bathgate said he was delighted with Blue Prism's continuing momentum, which resulted in it delivering a record quarter at the end of its 2016 financial year.

"This performance reflects the growing market awareness of the benefits of robotic process automation as well as the success of our strategy to accelerate investment to secure future growth," he added in a statement.

"Our channel partners continue to gain traction and with a strong pipeline we look forward to 2017 with confidence."

At about 11:21 GMT, shares in AIM-quoted Blue Prism were up 9.35% to 310p each.