StatPro third-quarter trading in line with expectations
Software developer and cloud-based portfolio analysis provider StatPro Group said revenue and profits for the nine months to end of September were in line with expectations.
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In the 12 months to 30 September, annualised recurring revenue for the group’s portfolio analysis service segment surged 68% to £7.2m, the company said in a trading update.
The division now represent 25% of total annualised recurring revenue compared with 15% in 2014, the group added.
"We have had a good third quarter, in what is normally a quiet period, which reflects the growing momentum of StatPro Revolution,” said group chief executive Justin Wheatley.
"Our sales pipeline remains strong. We look forward to a successful outcome for the current year and the continued execution of our cloud-based strategy."
StatPro shares were up 4.12% to 79.65p at 1052 BST.