Published on: October 18, 2013
A Solid Q3 Trading Update
The Q3 trading update from StatPro reflects solid trading and notes that revenue and profits for the first nine months of FY13 are in line with market expectations for the year as a whole. Consequently, the outlook statement expresses confidence in a successful outcome for the year. The group continues to convert existing clients to the StatPro Revolution suite of products with an improvement in the level of StatPro Revolution related revenue. We make some small changes to our estimates, which have no impact on our FY13 profit forecasts, but reduce our FY14 Adjusted EBITDA by around 6%.