AGM Statement

RNS Number : 4366Y

IDOX PLC

01 March 2012

 



1 March 2012

IDOX plc

AGM statement

IDOX plc (AIM: IDOX, 'IDOX' or the 'Company'), a leading independent supplier of software and services to the UK public sector and global engineering information markets, is holding its Annual General Meeting today.

At the AGM, Chairman Martin Brooks will make the following statement:

"We have made a strong start to the year with trading in the first quarter exceeding management expectations.  A particular feature has been the positive organic revenue growth in both the public sector and engineering information management division, in addition to the acquisition-driven uplift in trading.

"The integration of McLaren with recently acquired CTSpace is progressing rapidly under a single divisional management team and we are already becoming recognised as a global domain expert in enterprise engineering information management.

"As the Group expands, we are launching a graduate recruitment initiative for the first time, to secure the services of high-calibre staff to meet our need for an expanding UK workforce.

"It is still too early to provide full-year guidance, particularly as the Board is mindful of the continuing uncertain global economic outlook, but it is nonetheless an extremely encouraging start to the trading year."

Enquiries:

IDOX plc	[phone]
Martin Brooks, Chairman
Richard Kellett-Clarke, Chief Executive
William Edmondson, Chief Financial Officer
Investec Investment Banking	[phone]
Andrew Pinder
Patrick Robb
FinnCap	[phone]
Charles Cunningham (Corporate Finance)
Stephen Norcross (Corporate Broking)
College Hill	[phone]
Adrian Duffield / Kay Larsen

About IDOX plc

IDOX plc is a supplier of specialist document management and related software solutions and services to the UK public sector and increasingly to highly regulated asset intensive industries around the world in the wider corporate sector.

Its public sector software and service division is the leading applications provider to UK local government for core functions relating to land, people and property, such as its market leading planning systems and election management software. Over 90% of UK local authorities are now customers.

The Group provides public sector organisations with tools to manage information and knowledge, documents and content, business processes and workflow as well as connecting directly with the citizen via the web.

These capabilities were extended via the acquisition of McLaren Software in 2010 and CTSpace in 2011 into the related area of engineering document management and control applications, to form its engineering information division. This serves many leading companies in industries such as oil & gas, mining, utilities, pharmaceuticals and transportation around the world.

IDOX also supplies decision support content and additional specialist services via the IDOX Information Solutions business, as well as transforming approaches to knowledge and content management via consultancy and training in the UK and internationally. In addition, it provides these specialist skills to customers through its TFPL branded recruitment division.

The company employs over 400 staff located in the UK, the USA, Europe, India and Australia.

For more information see www.idoxplc.com

 

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