Revenue up and order book looking healthy at Sanderson
SOFTWARE and IT services group Sanderson has said it is making continued progress on the back of solid growth.
In a trading update ahead of ahead of the announcement of its interim results for the six months ended March 31, Coventry-based Sanderson – which specialises in multi-channel retail and manufacturing markets in the UK and Ireland – said its results will show revenue and profit growing by just over 10% compared to the six month period ending 31 March 2014.
Revenue will show growth to £9m, compared with just under £8m in the prior year period.
Sales order intake was £4.9m, compared with £4.3m in the prior year period, with the existing customer base being particularly active.
The order book at 31 March 2015 was £2.8m (31 March 2014: £2.5m) and pre-contracted recurring revenues continue to represent over 50% of total revenue.
The net cash balance was approximately £4m at the period end on 31 March 2015.
Sanderson said its continued growth is very much driven by the expansion of mobile commerce and ecommerce.
Proteus, which was acquired on 5 December 2014, has made a steady start as part of Sanderson and has made a positive contribution. T
The Sanderson businesses in the manufacturing division, which are focused on supplying the manufacturing market sector with software and service solutions, delivered a flat trading performance as compared with the prior year period.
But its order intake improved in the period and there is a strong order book, with good sales prospects going into the second half year.
Sanderson said it continues to seek complementary acquisitions, but, during the current year, the priority of the management is to remain focused on delivering ‘on target’ results.
