Microgen PLC
09 July 2007
Microgen plc
Information Management Solutions
9 July 2007
Trading Update
The Board anticipates issuing the interim results for the six month period ended
30 June 2007 in late July. The Board currently anticipates reporting profit
before tax, intangible amortisation and exceptional items slightly ahead of
management expectations, with operating margins ahead of the Board's defined
objective.
The Group's Banking, Asset & Wealth Management and Billing Divisions have all
delivered organic growth compared to the second half of 2006. The Board has
consolidated the Group's Energy and Consultancy & Application Management
businesses into a single operating division and has continued to reduce its
exposure to general IT consulting. As a result, the proportion of revenue
derived from Microgen software is anticipated to continue to increase throughout
2007.
Microgen Aptitude has continued to gain momentum with successes in the financial
services and commercial sectors. The prospect bank for the second half is
particularly strong in the Banking Division, where the benefits of Microgen
Aptitude's event driven architecture, high transaction processing performance
and flexible solutions are driving a strong recovery.
Overall, the Board considers the first half of the year to have delivered a
strong performance, with organic growth now being experienced in three of the
Group's four operating divisions, together with continued strong operating
margins and good operating cash flow.
Contact :
Martyn Ratcliffe, Chairman 01252-772300
Philip Wood, Group Finance Director
Giles Sanderson, Financial Dynamics 020-7831-3113
Haya Chelhot, Financial Dynamics
This information is provided by RNS
The company news service from the London Stock Exchange
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