9 April 2009
Intec Telecom Systems PLC
Trading update
Intec Telecom Systems PLC ("Intec" or the "Group"), a leading global
supplier of billing and operations support systems to the
telecommunications industry, announces a positive update on trading
for the half year to 31 March 2009.
Intec expects to deliver its strongest ever first half results with
revenues in the range of £79.0m to £80.0m (2008: £57.2m).
In constant currency terms, overall revenue growth is expected to be
between 14% and 15% over the comparative 2008 period with licence
revenue growth in excess of 35%.
With the improved revenue mix, profit before tax is expected to
increase by at least 50% in constant currency.
Group cash has increased substantially to over £50m through good cash
conversion and translation gains on foreign currency balances.
Andrew Taylor, Chief Executive Officer of Intec Telecom Systems PLC,
commented:
"Intec expects to deliver a strong first half performance with
organic growth and an improved pipeline across all regions. Compared
with 2008, we expect that revenue and profit will be more evenly
distributed between the first and second half. As a result, we have
better visibility for the full year and the trading outlook across
the Group remains in line with management expectations."
The Group expects to release its interim results on 21 May 2009.
For further information, please contact:
Intec Telecom Systems PLC
Andrew Taylor, Chief Executive Officer +44 (0) 1483
745800
Robin Taylor, Finance Director
www.intecbilling.com
Financial Dynamics
Giles Sanderson / Juliet Clarke / Haya Chelhot +44 (0) 20 7831 3113
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This announcement was originally distributed by Hugin. The issuer is
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