Trading Update

RNS Number : 9811A

IS Solutions PLC

10 February 2011

 

IS Solutions Plc

("IS Solutions" or "the Company")

Trading update

Despite an uncertain economic background IS Solutions is pleased to announce that both revenue and profit grew in 2010 and its results for the year ending 31st December 2010 are expected to be in line with market expectations. 

In the second half of the year project revenues continued to be weak (as reported at the half year) but were more than offset by the increased growth in the managed services and increasing recurring revenue from license support sales. Cash and cash equivalents remained strong through the year finishing above £1m after an increased dividend payment and the investment in SpeedTrap of £200k announced in October.

Enquiries:
John Lythall, Managing Director	Fiona Tooley
IS Solutions Plc	Citigate Dewe Rogerson
[phone]	Tel: [phone]
www.issolutions.co.uk
Ticker: AIM: ISL	Charles Cunningham - Corporate Finance Stephen Norcross - Corporate Broking
	finnCap
	Tel: [phone]

 

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