Access Intelligence - Full year trading update
Prior to publication, certain information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.
Full year trading update
Accelerated growth at
For the year to
New contract wins during the second half include Allen & Overy,
The Directors expect that total Vuelio and ResponseSource revenue for the financial year will be in the order of
The acquisition of Pulsar, which has expanded
On migrating Pulsar's contracts onto the Company's systems, the Company has identified a small number of contracts where there are questions regarding revenue recognition. The Board has appointed a firm of external accountants to assess whether this matter is isolated to the few identified contracts. The Board believe that this does not impact the rationale for the acquisition. A further announcement will be made once the work being undertaken is completed.
The Group's net cash balance of
"Our continuing strategy of growing our core business through innovation, through technological advance and through niche, targeted acquisitions, is bringing further market differentiation to the business.
Integration of our acquisitions is on track and we now have a substantial presence in our core markets. We are successfully leveraging our brands on our technology platform and thus driving growth across all areas of the business."
For further information:
finnCap Limited (Nominated Adviser and Broker)
This information is provided by RNS, the news service of the
Quick facts: Access Intelligence Group
Market Cap: £39.7 m
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