Oxford Metrics aiming to triple revenue over next three years

The international software company said the year to 30 September had been “successful” after a “strong trading performance” at subsidiary Vicon and its other business, Yotta, building traction in its marketplace following a period of investment.

Consequently, the AIM-traded company expects to report group revenues and adjusted profit before tax in line with current market expectations.

The cash balance at the year-end stood at £12.2m, up from £9.8m at the same point last year, after the payment of a final dividend totaling £1.5m in March.

Vicon is a world leader in high precision motion measurement analysis for a variety of different companies and markets, including Guy's Hospital, EA Sports, MIT and NASA.

Meanwhile, Yotta provides cloud-based infrastructure asset management software to central and local government agencies and other infrastructure owners and has a large number of high profile clients including Highways England and Amey in the UK and VicRoads in Australia.

Oxford Metrics’ shares were up 5.38% at 68.50p at 0836 BST.