IS Solutions (AIM: ISL) – trading update brings out a huge share price move and big upgrades
The systems integrator focusing on three business areas, namely portals, analytics and enterprise content management has delivered a highly positive trading update that’s seen its share price soar. More to go for?
The update confirmed that the Group’s traditional IS Solutions business is experiencing much stronger underlying demand for its Analytics offering with sales currently well ahead of management budget. The Analytics business has secured two major contracts with new customers within the financial services sector. One of these contract wins will initially be for a three-year period, the second will be completed in this year but they expect additional work upon successful completion of the first phase. It is anticipated that they will add contracted revenue in excess of £4m over the current financial year and in excess of £350,000 per…