Make your money go further for just 25p per day

IDOX (AIM: IDOX) – mildly disappointing results, but remaining highly cash generative.

08/06/2015 · IDOX (IDOX) 

IDOX is a supplier of software solutions and services to the UK public sector and increasingly to the wider corporate sector. Today the Group has released its financial results for the six months ended 30th April 2015. Although financially the results are not all that positive, the Group maintains a positive outlook for the remainder of the financial year and with cash flowing it could be an interesting one to follow at current levels.

Revenue remains unmoved from the previous year at £29.6m, although public sector revenue increased 14% to £22.5m. This increase was largely driven by the UK general and local elections, as IDOX delivered services to 25% of councils across the UK. Elections business continues in the second half of the financial year, as they have been appointed to offer software services during the Norwegian elections taking place later this year. The Group also added further software…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on IDOX

Delightful reporting | AI attributes | Puzzling business

13/06/2024 · Company Insights

Our review here includes our thoughts on the latest update from a popular developer of video…


Animal spirits

25/01/2024 · Company Insights

We offer our usual forthright opinion on trading updates from two companies in the animal health…


More Company Insights

Delightful reporting | AI attributes | Puzzling business

All about the cash flows

This Bonkers Bargain is a little gem

11/06/2024

Sign-up to our free email updates

SIGN UP