Eleco: British software giant sees revenue soar as businesses look for AI solutions September 10, 2024 Software company Eleco has seen its revenue continue to soar as a growing number of businesses turn to tech to help improve efficiency. The listed company, which is headquartered in London and has offices across the UK and Europe, saw its revenue hit £16.2m in the six months ending June 30, 2024, up from £13.4m [...]
Alfa Financial raises guidance as shift to subscription model delivers September 5, 2024 Asset finance software company Alfa Financial Software has said it expects full-year revenue to be £1m ahead of previous expectations, as the shift to a subscription model has started to pay off. In the first half of 2024, the company posted record total contract value (TCV) of £193m, a 40 per cent year on year jump, driven by [...]
Getbusy: Productivity software firm’s shares sink as growth slows September 3, 2024 Shares in productivity software provider Getbusy plunged nearly 11 per cent on Tuesday morning after it disappointed investors with its half-year results. Annual recurring revenue (ARR) grew less than £1m in the first six months of 2024 to £21m and net cash tumbled to £0.2m, down from £1.7 last year, which Getbusy said reflected “a [...]
NHS supplier Kainos lowers full year revenue forecast after ‘tough’ trading September 2, 2024 London-listed software provider Kainos has downgraded its revenue forecast for 2025 after a subdued start to the year and more aggressive pricing among its partners. Management said it expected adjusted pre-tax profit to perform in line with the current analyst consensus of £79.1m for the year ending 31 March 2025. Due to a “tougher trading environment [...]
Essensys shares shoot up as flexible workspace software provider beats estimates August 29, 2024 Shares in software platform essensys climbed as much as 20 per cent on Thursday morning after it said it expected to report revenue, earnings and cash flow ahead of market expectations in its full year results. Essensys, which provides software and technology to the flexible workspace industry, has projected revenue of £24m and an adjusted [...]
Tech firm Pebble Beach Systems reports ‘strong sales pipeline’ despite market challenges August 21, 2024 Tech firm Pebble Beach Systems expects a positive year ahead as the software group reported a “strong sales pipeline” despite challenging market conditions. The firm, which specialises in playout, content management and IP control solutions for broadcast and media tech markets, reported a 21 per cent jump in Service Level Agreement (SLA) revenue to £3.1m, [...]
Software firm Tribal reports lower profit following legal settlement August 20, 2024 Educational software provider Tribal Group reported lower post-tax profit and earnings per share in its interim results, sending shares down 5.3 per cent at market open on Tuesday. The Bristol-based company that provides software and services to the international education market, said profit after tax fell 69 per cent to £1.4m in the six months [...]
Tech stock boom starts to show cracks June 2, 2024 Tech stocks are starting to suffer as customers are keeping their purse strings tight when it comes to adopting new software services.
Software Circle snaps up tech firm Be The Brand Experience in £3.5m deal May 30, 2024 Software Circle, a London-listed technology company with a reputation for snapping up smaller firms, has added digital assets manager Be The Brand Experience to its growing list of acquisitions.
Ingenta reveals strongest profit yet as share price soars May 28, 2024 UK software developer and publishing firm Ingenta has had its most successful year to date, growing its pre-tax profit to £2.2m over the past 12 months.