Half-year Report - six months to 30 September 2018

RNS Number : 5506I

D4T4 Solutions PLC

27 November 2018

 

D4t4 Solutions Plc

(the "Company, "Group" or "D4t4")

'ALL ABOUT THE DATA'

Half-year results for the six months ended 30 September 2018

"The first six months of the year have continued our acceleration into the data platform software space, this combined with our private cloud data platform solutions has enabled us to deliver strong growth during the first half.  This marks a return to a more normal trading cycle following the unusual (H2 weighted) business phasing seen last year. Overall, our business is in a good position and together with a strong pipeline of opportunities makes this an exciting time for the group and we look forward to the rest of FY19 with a high degree of confidence."

Peter Kear CEO D4t4 Solutions

Tuesday, 27 November 2018: Specialists in Data solutions, D4t4 Solutions Plc (AIM: D4T4) announces its unaudited half-year results for the six months ended 30 September 2018.

Key highlights: *	Six months ended 30 September
	2018	2017
Ø Group revenue**	£13.99m	£4.75m
Ø Gross profit *** Ø Gross profit margin	£7.13m 50.98%	£2.08m 43.76%
Ø Group adjusted pre-tax (loss) / profit ***	£3.35m	£(0.38)m
Ø Adjusted EPS ****	7.37p	(0.57)p
Ø +12% uplift in the interim dividend	0.7p	0.625p
Ø Net cash position	£12.06m	£3.92m
Ø Net current assets	£8.53m	£4.48m

* The trading performance reported in this statement is based on unaudited management accounts

** Includes an IFRS15 adjustment of positive £1.67m

*** Includes an IFRS15 adjustment of positive £1.08m

**** Adjusted for amortisation of acquired intangibles, share based payment charges and foreign exchange gains

Ø The first half saw a return to a more normal trading cycle following the unusual (H2 weighted) business phasing seen last year

Ø Our strategic partnerships have moved forward, and we have strengthened our relationships with Teradata, Pegasystems, SAS and Dell Technologies

Ø This first half introduces our new segmental reporting based on providing more insight into the group's business mix, we also see the introduction of IFRS 15 based reporting

Ø We continue to have a strong balance sheet with half year net cash standing at £12.06m (31/03/18: £3.92m)

Ø With the contracts forecast to close before the year end, recent new business wins and the depth and quality of prospects identified for both our hybrid data platform solutions and software licence sales, the Board remain confident that the business will achieve a solid finish to the financial year

To read the Half-year report in full, please follow this link:  

http://www.rns-pdf.londonstockexchange.com/rns/5506I_1-2018-11-26.pdf

Copies of the report will also be made available on the Company's website: www.d4t4solutions.com/investor-relations/

ENQUIRIES:

D4t4 Solutions Plc Peter Kear, Chief Executive Officer Carmel Warren, Chief Financial Officer Tel: [phone] email: [e-mail]

finnCap (Nominated Adviser & Broker) Julian Blunt/Emily Watts - Corporate Finance Alice Lane - ECM Tel: [phone]

TooleyStreet Communications (IR & Media Relations) Fiona Tooley: Tel: [phone] email: [e-mail]

EDITOR'S NOTE

D4t4 Solutions Plc - 'ALL ABOUT THE DATA' We operate within North America, Europe and Asia employing 128 staff and servicing clients in over 21 countries and, our data capture software is running on more than 25,000 websites.  Our people and intellectual property combine to create four core capabilities: (see page 6 of the attached pdf report)  http://www.rns-pdf.londonstockexchange.com/rns/5506I_1-2018-11-26.pdf v    Data Capture software (Celebrus) and skills v    Data Management based facilities and skills v    Data Analytics capabilities, solutions and skills v    Data Platform solutions that are on premise or in the cloud and combine hardware, software and services. At D4t4, we are energetically focused on solutions that enable clients who operate from within the financial services sector and consumer facing organisations to get the most from their data.  From capture, through to management and analysis, we provide comprehensive products and services that drive value from our clients' information assets.  We are accredited to ISO27001: Information Security Management Standard and PCI Data Security Standard.  To find out more, visit www.d4t4solutions.com

 

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