skip to content

Annual Results

IS Solutions underlying pre-tax profits jump

27 June 2016 09:09

IS Solutions reports underlying pre-tax profits of £3.50m for the year ended 31 March - period-on- period growth of 187%.

Revenues totalled £18.6m compared with £12.8m for the 15 months to the end of March 2015. The total dividend of 2.0p per shares - which includes a proposed final dividend of 1.5p - is up 257%.

Chairman Peter Simmonds said: "Our business is driven totally by data - the Group is operating in a market where business intelligence and analytics is one of the fastest and exciting growing software markets and with our extensive technical 'know-how' and skills base we are able to further build on our current market position within the data solutions arena both in the domestic and overseas markets.

"Over the last twelve months, we have seen strong demand for our offering across both brands which has manifested in the number of major projects being secured with new and existing customers operating within the retail and financial services sectors. In addition, these new projects, will generate recurring revenue, which is very reassuring in terms of cashflow and working capital.

"It is encouraging to report that in 2016 demand continues for our services; we are in dialogue on a number of other exciting projects and this underpins our confidence in our pipeline of prospects."

Chief executive Peter Kear added: "This is a very exciting time for the business - over the last five years the IS Solutions historic model has developed its core strategy to progressively build a data analytics business. Our new market focus brings together existing fields of expertise and new skills to create a comprehensive and cohesive range of data solutions. In order to reflect this step-change the Board has already announced its intention, subject to shareholder approval in July 2016, to rename the Company and rebrand it D4t4 Solutions Plc.

"Our emphasis on data is an evolution of many years of experience in providing solutions for clients' data needs. In recent years, this has taken shape around our growing capabilities in enabling our customers to profit from their data in terms of organising it, monetising it and gaining benefit from it. The new areas of the business take us to the next level of data solutions and create further pull-through opportunities for the more established parts of the business.

"All of this bodes well for the future and the Board is confident that the Company can deliver another year of solid progress and will achieve current market expectations for the year ending 31 March 2017."

At 9:09am: (LON:ISL) IS Solutions PLC share price was +4.63p at 117.63p

Story provided by StockMarketWire.com

Related Company: ISL

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

Aberdeen Ediston

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.