AGM Statement

RNS Number : 0452B

IDOX PLC

27 February 2014

 



27 February 2014

Idox plc

AGM Statement

Idox plc (AIM: IDOX, "Idox" or "the Group"), 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 10am.

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

"Idox has enjoyed a much better start to 2014 with Group revenues growing by just over 10% in the first quarter compared to the same period last year. This was predominantly the result of a significant recovery in the Engineering Information Management Division, with revenues reflecting the upturn in new business since the start of the financial year, bolstered by a more disciplined and rigorous approach to our new business pipeline management.

"In the Public Sector Software Division notable new business wins since the start of the year have included corporate land & property solutions at Trafford, Hindburn & Solihull, and election managed services at Fife, East Ayrshire, South Lanarkshire and Sheffield, leaving the Group's contracted deals ahead of the comparable period last year. The division, which now includes the Information Solutions business, has also completed a content services contract with the Welsh government.

"We are encouraged by the positive start to the year, and the board expects that the changes made to the business, which began in 2013, will deliver further benefits in the second half of the current financial year.

"We are also delighted to announce the appointment of Jane Mackie as Chief Financial Officer with immediate effect, details of which are contained in a separate announcement."

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Enquiries:

Idox plc                                                                                                [phone]

Martin Brooks, Chairman

Richard Kellett-Clarke, Chief Executive

Jane Mackie, Chief Financial Officer

N+1 Singer (NOMAD and Broker)                                                   [phone]

Shaun Dobson / Nick Donovan

Leander (Financial PR)                                                                     [phone]

Christian Taylor-Wilkinson

About Idox plc

Idox plc is a supplier of specialist document management collaboration and process 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 Division is the leading solutions 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 Division provides public sector organisations with tools to manage information and knowledge, documents, content, business processes and workflow as well as connecting directly with the citizen via the web. It also supplies, predominantly to the public sector, decision support content such as grants and planning policy information as well as related specialist services.

The Engineering Information Management Division delivers engineering document control, project collaboration and facility management solutions to many leading companies in industries such as oil & gas, architecture and construction, mining, utilities, pharmaceuticals and transportation around the world.

The Group employs over 500 staff located in the UK, the USA, Europe, India and Australia.

For more information see www.idoxplc.com

 

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