@UK (AIM:ATUK) - The Cloud Platform provider has issued an encouraging trading update.
The Group has confirmed improved trading during the year with results now anticipated to be ahead of current market expectations..
Revenues are expected to show an 18% increase on the prior year to approximately £2.415m, while the loss before tax is expected to have decreased by 76% to approximately £0.14m. The Company’s e-commerce business, its main growth engine, delivered a stronger than expected performance with 61% growth in revenues. Having raised £0.5m just before Christmas the Balance Sheet is in much better shape which should vastly improve its future chances when competing for larger Government contracts. They have established a telesales team focusing on selling their SpendInsight and GreenInsight products across the Public and Private sectors. The first two team…