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UK - Idox still going strong

13 November 2012

IDOX (AIM:IDOX), which now describes itself as a leading independent supplier of software & services, provided a trading update for the year ended 31 October 2012 yesterday.

The Group's three key metrics being revenue, EBITDA and adjusted* pre-tax profit, are all expected to be comfortably ahead of consensus market expectations for the full year. Like-for-like organic growth has also been particularly encouraging in both the public sector and engineering software divisions which, together with the Company’s active acquisition programme, is expected to deliver significant top line revenue growth for the year.

The report emphasis the work of the Public Sector division, the Engineering Information Management EIM division and the Information Solutions division but says almost nothing about its TFPL branded recruitment division, which provides knowledge and content management skills to customers.

Idox will announce its final results for the year ended 31 October on Wednesday 12 December 2012. For details of its half year results see our story here.

As of last trade Idox PLC was priced at 41.25 pence a share, 2.37% below its 52-week high of 42.25p, set on yesterday. This means the company is valued at £146.17 million.


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