Published on: October 16, 2014

Steady progress during Q3

The outlook statement that accompanied interim results in August emphasised StatPro’s growth opportunities, and today’s Q3 trading update continues this trend. The RNS notes nine month performance in line with market expectations. Some of the currency headwinds have abated (although euro weakness remains), StatPro Seven sales are “robust”, Revolution annualised revenue is up 35% over nine months to £4.25m and R+ remains on track for launch in 2015. We leave estimates unchanged for both FY14 and FY15.

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