eg solutions plc (AIM: EGS), the back-office workforce optimisation company, provides the following trading update ahead of its interim results for the six months ended 31 July 2017.
The Group is pleased to report that trading in the first half of the financial year has been strong. The Board now expects results to be ahead of market expectations with Revenue for the full year ended 31 January 2018 to be not less than £10.5m (2017: £8.2m) and Adjusted EBITDA to be not less than £1.9m (2017: £1.2m). Contracted orders of revenues to be recognised beyond the current financial year end have also increased by a further 14% to not less than £21.1m (31 January 2017: £18.5m) due to the increase in sales of the Group’s Managed Cloud Services, contracts for which are longer term in nature.
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eg solutions is a back office workforce optimisation software Group. eg pioneered this new market space and developed the most complete, purpose built workforce optimisation software for back offices – the only solution that manages work, people and end-to-end processes wherever they are undertaken, anywhere in the world.
eg solutions’ software is now used by leading UK, international and global companies in multiple industry sectors including financial services, healthcare and utilities. Using its forecasting, scheduling, real-time work management and operational analytics capabilities, eg delivers measureable improvements in service, quality, productivity and regulatory compliance. When supported by eg’s implementation and training services eg guarantee a return on investment in short timescales.
The Group is listed on AIM, the London Stock Exchange’s international market for smaller growing companies (EGS).