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Published on: May 2, 2013

Positive AGM Update

StatPro has provided an AGM statement containing an in-line and upbeat trading update relating to Q1 (to March). Trading is described as being in line with expectations for revenue, profit and other operational targets.

We continue to draw investors’ attention to the unusual combination of (1) an exciting growth story, (2) an entrenched and strong market position and (3) a decent yield, well covered by current earnings.

We also remain positive about the prospects for StatPro Revolution and, in time, Revolution Plus, which is slated to become the cloud-delivered upgrade path for the current StatPro Seven. Progress is clearly being made across a number of fronts, as detailed below, and the update is reassuring.

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