Jaywing flags final results in line with expectations

The AIM-traded company’s board said it expected results to be in line with market expectations and with a better than expected net debt position of £3.5m, despite having completed two acquisitions in the period.

Cash generation and free cash flow both remained strong as a consequence of the high level of resilience in the company's income streams.

The level of recurring income continued to grow with almost 60% of total income now being billed on a monthly basis under 12 to 18 month contracts.

“The company continues to maintain its strategy of putting data science at the heart of its business and is increasingly providing a fully integrated range of services to its clients with this at its core,” said chairman Ian Robinson.

“It is pleasing to see the growing quality of the company's income and the strength of its cash flow.”