RNS Number : 7168Z
Phoenix IT Group PLC
28 September 2009
Monday 28 September 2009
Phoenix IT Group plc
Period-end trading update
Phoenix IT Group plc (the 'Group'), the UK IT services company, is providing a period-end update on trading for the six months ending 30 September 2009.
The Board confirms that for the Group as a whole, trading and cash generation in the period continue to be in line with the Board's expectations. Following on from the Group's first quarter Interim Management Statement, trading in the second quarter (the three months from July to September 2009) has improved over the first quarter of the financial year (the three months from April to June 2009) and the Group has continued to generate cash and further pay down debt. Annualised contract values have stabilised in the second quarter, and the Board remains confident in the outlook for the year as a whole.
The Group will announce its results for the six months ending 30 September 2009 on 23 November 2009.
Enquiries:
|
Phoenix
|
|
|
|
Peter Bertram
|
Executive Chairman
|
01604 769000
|
|
Nick Robinson
|
Chief Executive Officer
|
|
|
David Simpson
|
Chief Financial Officer
|
|
|
|
|
|
|
Financial Dynamics
|
|
|
|
Giles Sanderson
|
|
020 7831 3113
|
|
Haya Herbert-Burns
|
|
|
|
Nicola Biles
|
|
|
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTILFEEAAIEFIA