eg solutions cheers investors with promise of above-expectation performance

BACK office optimisation software supplier has cheered investors by announcing the company expects to deliver a much improved performance than of late.

In a trading update , the Staffordshire-based business said it had recently secured a number of further contracts from both new and existing customers and had continued to build a strong pipeline for the remainder of the year and next.  

“As a result, eg anticipates reporting revenue for the first six months of the financial year ahead of the comparative periods in 2012 and 2013, and that its financial performance for the full year to January 31, 2015 will be ahead of the board’s expectations,” it said.

Further details are expected to be revealed when the company announces its interim results in September.

Elizabeth Gooch, acting CEO of eg solutions said: “We have made good progress in the four months since the year end; this has given the board greater confidence and visibility for the full year performance. We have refocused the business, making a number of senior hires in key areas of the business, and we are beginning to see the benefits of this. We still have more work to do to capitalise on the market opportunity, but believe we are starting to build momentum.”