Shares soar on contract news
News of a huge contract win sees the share price of this under-pressure fabricator double in quick time. Elsewhere the world of software brings more consistency.
Idox: recurring revenue on the up Idox (AIM: IDOX), the supplier of specialist information management software and solutions to the public and asset intensive sectors, encouraged with its full year trading update. Revenue for the year ending 31 October 2022 is expected to be up 6% to £66m, with the all-important recurring revenue 12% higher at £40.5m, representing c61% of the total. The year saw a record full year order intake of more than £74m, up 19% on FY21, providing good visibility into FY23. Adjusted EBITDA is estimated to be 15% higher at £22.5m. Forecasts for the year ending October…