Published on: May 19, 2016
Q1 trading in line
StatPro’s AGM statement notes that trading in Q1 2016 was in line with management expectations and that the business continues to have a strong pipeline of business for the remainder of the year. The integration of Investor Analytics is on track and Infovest is ‘making good progress’ and the launch of StatPro Revolution’s Performance module remains on track for Q3 2016. StatPro has also announced the appointment of two new NEDs who bring significant experience in growing technology businesses. We make no changes to our estimates as a result of the update but make small adjustments to reflect the impact of the buyback in March 2016.