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Published on: May 24, 2018

Trading in line so far in 2018

StatPro’s AGM statement builds on the positive start to 2018 that was noted with the 2017 results announcement. It says that trading for the current year is in line with Board expectations and that sales of StatPro Revolution have progressed well. It reiterates the positive news announced earlier in May of a multi-year cloud conversion and extension contract with one of its fund administrator clients. The integration of Delta and associated investment continues. We note that the launch of Revolution’s fixed income module remains on track as StatPro continues its drive to enhance its cloud-based portfolio analytics service. With little currency effect so far in H1 2018E and supportive commentary on trading, we leave estimates unchanged and look forward to the Group’s half year trading update in July 2018.

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