AGM Statement

RNS Number : 8456Y

IDOX PLC

28 February 2013

 



28 February 2013

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:

"The focus on our two core software divisions continues to deliver better visibility through larger, more diversified and better qualified prospect pipelines.

In Public Sector software there has been a steady continuing progression of new business from software vendor consolidations by local authorities, further increasing our market share. This is expected to result in further growth in the first half and an increased order book of contracted services to be delivered in the second half.

In Engineering Information Management software, there has been a quieter start in license sales compared to last year, as there are no global contracts currently planned to be signed in the first half. However, the business outlook has improved with a stronger pipeline through the continued investment in our sales team's global reach. Current customer intentions indicate a greater weighting of new license and services business in the second half, compared to 2012.

As is usual, and in a further year of global economic uncertainty, the board considers it too early to provide full year guidance."

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/Dominic Emery
FinnCap	[phone]
Stuart Andrews/Stephen Norcross
Leander PR	[phone]
Christian Taylor-Wilkinson

About IDOX plc

Idox plc is a supplier of specialist document management collaboration 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 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, content, business processes and workflow as well as connecting directly with the citizen via the web.

Through the Information Solutions Division Idox 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 applications to many leading companies in industries such as oil & gas, architecture and construction, mining, utilities, pharmaceuticals and transportation around the world.

In addition the Group provides knowledge and content management skills to customers through its TFPL branded recruitment division.

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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