Better times ahead says ServicePower boss

STOCKPORT-based Service Power Technologies has suffered a 9% fall in revenues to £12.7m.

Profits for the field service management software company were also down 9% to £6m due to the mix of software as a service (SaaS) licence sales.

A loss after tax of £0.9m was reported.  However, chief executive Marne Martin was predicting a strong performance for 2015.

He said: “”pgrading existing customers in order to facilitate additional product and license sales was a large focus in 2014, as was growing SaaS revenue which grew by more than 15% from 2013 to 2014, and is now 22% of total turnover.

“With our demonstrated ability to win new customers and the investment in our global field management platform, ServicePower is positioned for a strong performance in 2015 and beyond.
 
“Trading in 2015 has begun positively, and we are confident of a successful outcome to the year.”