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Ideagen profit rises on increased revenue

By BFN News | 02:29 PM | Tuesday 23 January, 2018

Information management software provider Ideagen posted a rise in first-half profits as revenue jumped. Adjusted pre-tax profit increased by 56% to £4.1m, while revenue increased by 43% to £17.2m. The company declared an interim dividend of 0.078p per share, up 15% on the previous corresponding period. "The group has achieved growth both organically and from the acquisitions made in the previous year as we continue to execute against our proven strategy," chief executive David Hornsby said. "We are particularly pleased with the strong growth in our SaaS revenues and our sales execution and momentum in the USA, Europe and Asia-Pacific regions." "Current trading remains robust and in line with management expectations." At 2:29pm: (LON:IDEA) Ideagen share price was +3p at 106p Story provided by

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