Wednesday 12 December 2012

IDOX delivers

Mentioned IDOX about a month ago, the results from which came in today and they did not disappoint (Public Sector watch, IDOX).
AIM-listed software and services provider IDOX posted a 50 per cent rise in its revenue to 58m pounds in the year ending October 31st, according to annual results published on Wednesday morning.

Adjusted profit before tax was up 36% to £14.8m from £11.6m a year earlier and earnings before goodwill, impairment, amortisation, depreciation, restructuring, corporate finance and share option costs rose 44% to £16.7m. 
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20560559

And despite the rise in share price over the last month or so longer term there could be more to come. The shares were up 4.8% today.
 

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