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Annual Results

Access Intelligence earnings fall

30 April 2015 08:46

Access Intelligence's turnover rose by 2% to £8,546,000 in the year to the end of November but earnings before interest, tax, depreciation and amortisation fell by 3% to £426,000.

Contracted not yet invoiced revenue rose by 3% to £6,790,000 (2013: £6,623,000) and recurring revenue increased by 8% to £6,595,000 (2013: £6,062,000) at 77% of sales (2013: 72%).

The group posts an after-tax loss of £1,082,000 (2013: loss £2,612,000).

Executive chairman Michael Jackson said: "This year we have continued to invest in the strategic development of the Company's new software products which are due for gradual customer implementation in the latter part of the first half year of 2015. During the year the Company has continued to sign new SaaS contracts which is reflected in a 3% increase in revenues contracted not yet invoiced."

At 8:46am: (LON:ACC) Access Intelligence PLC share price was +0.01p at 2.88p

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