H1 Trading Update and Contract Wins

RNS Number : 1849V

Allocate Software PLC

09 January 2012

 



ALLOCATE SOFTWARE PLC

("Allocate" or "the Company")

First Half Year Trading Update and Contract Wins

Allocate Software plc (AIM: ALL), the leading provider of workforce and compliance optimisation solutions, reports the following update for the six months ended 30 November 2011.

Summary

Allocate's performance in the first half year is in line with management's expectations for the period. The pipeline of business in the UK Healthcare sector is robust and continues at recent levels with Time Care in Sweden performing well and the Australian healthcare business continuing to develop. The performance of the Defence sector is also meeting expectations.

Healthcare

Key highlights include two important acquisitions in the period: RosterOn in Australia in July and Zircadian in the UK in August.

Allocate was awarded 12 new contracts for HealthRoster, the e-Rostering application, of which 11 were for the NHS, increasing the total NHS e-Rostering customer base to 156 Trusts. In addition, the company won:

§ 1 new HealthRoster win in Malaysia / Brunei

§ 3 NHS Trusts extended their HealthRoster licences

§ 4 new customer wins for Dynamic Change

§ 6 new customer wins for Time Care

Defence and other markets

§ Post half year end, the Defence business secured a major contract with the Australian Defence Force. The agreement is a multi-year, multimillion pound license extension to its current license base that will extend the deployment of MAPS to all personnel in the Australian Army.

§ The Maritime business closed an important new order with McDermott, the leading engineering, offshore oil and gas company.

Ian Bowles, Chief Executive Officer of Allocate commented on the period:

"I am pleased with the momentum and performance of Allocate in this half year. We are experiencing great customer support; in addition prospective customers are selecting our applications following competitive tendering processes, to support their own business objectives.  We continue to see levels of opportunities consistent with recent periods with which we are engaging. Ideally, I would prefer to see a faster closure rate on some of the NHS transactions but I am reassured by the number of prospects that are coming to market and that NHS Trusts are increasingly engaging with us to discuss their plans.

"The integration of both the Zircadian and RosterOn businesses is making good progress.

"Our overseas territories have performed well in this period. The Australian operation has benefitted from the RosterOn acquisition bringing some 17 new staff as well as its own business and customers. Time Care again reported another period of consistent trading and growth and we are pleased that our Malaysian team has won another HealthRoster contract, our first national agreement that will see HealthRoster deployed across all public hospitals in Brunei.

"In Defence, we are delighted to have closed a major contract extension with the Australian Defence Force ('ADF'). This contract was concluded just after half year end so will be reflected in the second half financials. It extends further the deployment of MAPS in the Australian Army to now join Navy in addressing 100% of its total requirement for MAPS licences and also provides for a substantial number of Civilian staff associated with ADF.  

"Despite the current environment, I am confident that we remain on track for our full year revenue and profit targets."

The Company's results for the half year to 30 November will be released in early February 2012.

Enquiries:

Allocate Software plc Ian Bowles - Chief Executive Officer Chris Gale - Chief Financial Officer Martin Jeffries - Marketing Director	Tel: [phone]
Numis Securities Nominated adviser - Michael Meade / Richard Thomas Corporate Broking - James Black	Tel: [phone]
Gable Communications Justine James John Bick	Tel :[phone]        [phone]

About Allocate Software plc

Allocate Software is the leading workforce and corporate governance software solutions provider for world-wide organisations with large, multi-skilled workforces.  With a blue chip client base spanning the public and private sector, its key vertical markets include Healthcare and Defence.

The experience and in-depth knowledge, gained in the UK and internationally has enabled Allocate to invest in developing innovative solutions that are relevant to the constantly evolving market needs of its customers. At the core of the business is Allocate's workforce optimisation software, which streamlines the whole workforce management of multi disciplinary groups, across diverse locations.

Headquartered in London, Allocate provides services and support to its increasing international customer base through regional offices in the UK, Sweden, USA, Australia and Malaysia.

Allocate is quoted on the London Stock Exchange (AIM: ALL). 

 

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