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D4t4 Solutions expects adjusted profit 'slightly ahead' of market expectations

By BFN News | 09:19 AM | Thursday 18 April, 2019


D4t4 Solutions said it expected adjusted profit to be 'slightly ahead' of market expectations for the year as solid growth in its data platforms bolstered revenues. 'Reported group revenue for 2018-19 is expected to be about £25m with group profits slightly ahead of market expectations,' the company said. The company's recurring income�stream was expected to report 'solid' growth for the year just ended, reflecting the increase in both the data platform business and ongoing new software sales, the company added. Looking ahead, the company said it would start the new financial year in robust shape, and remained encouraged by the opportunities and outlook for the group over the coming year.�'As a board we are confident in delivering results that will be in line with expectations for the financial year 2019-20.' 'Our strategy continues to deliver and is reflected in our strong overall growth.�At the same time we continue to innovate our product, grow geographically and deepen our relationships with our strategic partners.��The business enters the new financial year in robust shape after closing a number of significant contracts in the second half year, these contracts will have an impact on 2018-19 and on subsequent years, and we are encouraged by the opportunities and outlook for the business in the coming year. Consequently, as a Board we are confident of delivering results in line with expectations for the financial year ending March 2020,' said Peter Kear, Chief Executive of D4t4. At 9:19am: (LON:D4T4) D4T4 Solutions Plc share price was -7p at 271p Story provided by StockMarketWire.com

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