Trading Statement

IDOX PLC
19 November 2007


IDOX plc
19 November 2007



                                     IDOX plc

                            (the 'Company' or 'IDOX')

                      Trading Update and Directorate Change



IDOX plc, the supplier of software solutions and services principally to the UK
public sector, announces a strong end to trading for the year ended 31 October
2007. Progress in integrating CAPS Solutions, acquired in June 2007, is ahead of
schedule and with better than anticipated cost savings. Operating profit is
expected to be ahead of the Board's expectations.  Profit before tax is expected
to benefit from the Company's very strong working capital management and the
Board expects to close the year with a positive net cash position compared to a
forecast net debt of £4.0 million. Revenues are expected to be slightly lower
due to the timing of new system installations.



Trading


  • IDOX Software - the Board is pleased to report that orders were especially
    strong in the second half and margins have been maintained.  The successful
    integration of the IDOX and CAPS sales teams is already delivering improved
    sales for CAPS and continued strong double digit growth in IDOX's electronic
    document and records management system business. With 10 contracts either
    installed or to be installed IDOX Software has established itself as a
    serious player in the revenues and benefits market.  Overall this expanding
    revenues and benefits business complements the Company's established and
    growing client base of over 300 customers in planning and other land and
    property related local government sectors. The Board is also pleased to
    advise that IDOX Software has won two further significant contracts:


     •   Bromsgrove County Council, a seven-year contract worth more than 
         £1 million to IDOX, most of which will be recognised in the year ended 
         31 October 2008; and


     •   Phase 1 of the Scottish Government's contract to upgrade and digitise
         all planning departments in Scotland.  This, the first of five phases 
         in the project, is worth approximately £600,000 to IDOX, most of which 
         will be recognised in the year ended 31 October 2008.  IDOX has been 
         shortlisted for Phase 2.


     These contract wins, along with the Cambridge City Council contract
     announced on 9 October 2007, represent the three largest contracts made to 
     date by IDOX and further evidence the growing sales opportunities from the 
     combined IDOX and CAPS product offering.


  • Information Solutions revenue is expected to be in line with the previous
    year and the Board's expectations for the current year. Information
    Solutions gross margin have continued to improve through the concentration
    on higher margin contracts and improved utilisation of consulting resources.


  • Recruitment - contract recruitment continued its recovery with double
    digit growth over the first half. In permanent recruitment, revenues were
    below expectations, but some recent sales wins have just missed the year-end
    cut.  Segment gross margins have been maintained.


  • Cash levels should again be strongly positive and the Board expects to
    have a healthy net positive cash position at the year end.



Integration of CAPS Solutions


  • The integration of CAPS Solutions has been substantially completed ahead
    of schedule and the combined business is already delivering increased sales.
    Recurring cost savings, originally forecast at £1.5 million will be
    substantially ahead of this number when fully implemented by mid-year 2008.


  • One-off costs of this reorganisation are currently running in line with
    the Board's original expectations.



Directorate Change


  • Steve Ainsworth, who originally joined from CAPS, is stepping down as
    Group CEO following the end of the 31 October 2007 financial year.


  • Richard Kellett-Clarke, CFO and COO, will take over as CEO with immediate
    effect and Martin Brooks will continue as executive chairman. The Company
    will be seeking candidates to succeed Richard Kellett-Clarke as CFO.


Steve Ainsworth, outgoing CEO, said: 'Having assisted with the rapid integration
of CAPS and IDOX and achieving a successful year-end trading result, I have
decided that it is now time for me to pursue other business opportunities. We
have established the enlarged IDOX business with a solid platform for future
growth and I wish the Company every success in the future.'


Martin Brooks, Chairman, said: 'Management have substantially achieved the full
integration of the IDOX and CAPS businesses ahead of schedule and budget whilst
growing sales for the combined business. We end the year with a strong order
pipeline and a revitalised business with increasing recurring revenues. I would
like to thank Steve for his key role in bringing CAPS and IDOX together and for
leading us through the transition. We wish him well in his next pursuits.'



For further information, please contact:

IDOX plc

Martin Brooks, Chairman                                            0870 333 7101

Richard Kellett-Clarke, CEO and CFO                                0870 333 7101



Noble & Company Limited

Matthew Hall, Director                                             020 7763 2200



Notes for Editors


IDOX plc is a supplier of software solutions and services principally to the UK
public sector and the leading applications provider to local government for core
functions relating to land, people and property through its UNI-form and IDOX
product range. Some 70% of UK local authorities are customers.


The Company gives public-sector organisations the tools to manage information
and knowledge, documents and content, business processes and workflow as well as
connecting directly with the citizen via the web.


It also supplies decision support content and additional specialist services via
the IDOX Information Service.


Under the TFPL brand the company is transforming approaches to knowledge and
content management via consultancy and training as well as providing these
specialist skills to customers through its recruitment division.




                      This information is provided by RNS
            The company news service from the London Stock Exchange