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Sopheon expects annual profit significantly ahead of market expectations

By BFN News | 07:51 AM | Monday 29 January, 2018


Software provider Sopheon said it expected to post an annual pre-tax profit significantly above market expectations. Revenue for the year would be over $28m, up from $23m in 2016, and also comfortably ahead of current market expectations, Sopheon said. The year-end cash position would be $9.5m, up from $4.2m a year earlier. The volume of transactions in 2017 rose to 59 license deals, compared to 49 in 2016, and included the addition of three new software as a service customers. Story provided by StockMarketWire.com

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