Idox reports strong start to new financial year, in line with its views

Shares in Idox rose almost 4% after reporting a strong start to the new financial year, in line with its expectations.

The supplier of information management software solutions said it was seeing a solid pipeline of opportunities.

It had recently secured significant contracts in healthcare and transport and continuing wins across other segments.

"Idox has made a strong start to the new financial year building on the good performance and organic and acquisitive growth of 2016, with trading for the current financial year in line with our expectations," it said in a statement.

It said the current stable outlook in all of its markets combined with its strong revenue visibility, order book and pipeline boded well for the year as whole.

"Overall, the outlook is encouraging and our expectations for the Group's financial performance are unchanged."

At 10:24 GMT, shares in AIM-quoted Idox were up 3.81% to 75p each.