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StatPro Group PLC (SOG)

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Thursday 19 October, 2017

StatPro Group PLC

Q3 trading update

RNS Number : 0030U
StatPro Group PLC
19 October 2017
 

19 October 2017

 

StatPro Group PLC

 

Q3 trading update

 

StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the cloud-based portfolio analysis and asset pricing services provider for the global asset management industry, provides a trading update for the nine months ended 30 September 2017. 

 

Revenue and profits continue to be in line with the Board's expectations for the current year.

 

In the 12 months to 30 September 2017, Group Annualised Recurring Revenue ("ARR"), increased by 40% to £52.9 million (September 2016: £37.9 million at constant currency), which includes the addition of ARR for Delta, the cloud-based risk and performance analytics service, acquired in May 2017.

 

The percentage of Group ARR that is Software as a Service has continued to increase to 83% (September 2016: 75% at constant currency).

 

Justin Wheatley, Chief Executive, commented:

 

"We continue to make solid progress migrating our software to pure cloud-based delivery which will improve our operational efficiency and increase our margins.

 

The integration of Delta is also going well.  Our roadmap to add the excellent and complementary Delta functionality into our flagship cloud platform, Revolution, has been well received by clients."

 

Enquiries:

 

StatPro Group plc

 

 

Justin Wheatley, Chief Executive

 

+44 (0) 20 8410 9876

 

Andrew Fabian, Finance Director  

 

 

 

 

 

 

 

Panmure Gordon - Nomad and Broker

 

 

 

Corporate Finance - Freddy Crossley / Fabien Holler

 

+44 (0) 20 7886 2500

 

Corporate Broking - Tom Salvesen / James Stearns

 

 

 

 

 

 

 

Instinctif Partners

 

 

 

Adrian Duffield / Chris Birt

 

+44 (0) 20 7457 2020

 

 

About StatPro

 

StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group's cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro's clients increase assets under management, improve client service, meet tough regulations and reduce costs.

 

The Group's integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.

 

The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 39 countries around the world.

 

StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £53 million at the end of September 2017. Over 75% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.

 


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