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Sopheon plc reports revenue visibility of $26.5m at end-June

By BFN News | 08:14 AM | Thursday 19 July, 2018


International software provider Sopheon plc reported that revenue visibility stood at $26.5m at the end of June, continuing the positive momentum from 2017. The firm said earlier that full-year 2018 revenue visibility had risen to $23.5m compared to $17.5m the year before, an all time high. Sales activity remained high as the Group heads into the second half and the board was confident the company was trading in line with expectations, Given this progress, the Group expected revenue, EBITDA and profit before tax for the first half of 2018 to be significantly ahead of prior-year performance for the corresponding period. Net cash at 30 June 2018 stood at $15.5m, compared to $9.5m at 31 December 2017 and $6.6m at 30 June 2017. At 8:14am: (LON:SPE) Sopheon PLC share price was +90p at 850p Story provided by StockMarketWire.com

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