Advanced Computer Software, which provides healthcare and business management software, says it expects revenues to have climbed by a fifth in the six months to the end of August.
In a trading update ahead of its interim results the company says half-year revenues will come in "no less" than £56.7m, 20% ahead of the £47.3m reported at the same stage last year. Of that growth 10% is organic sales, a further 10% has been achieved through acquisitions.
Adjusted earnings before interest tax depreciation and amortisation (EDITDA) rose 10% to £13.2m, of which 8% was organic growth.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The adjusted EBITDA margin is expected at 23% following the purchase of Fabric Technologies for £4.6m in April.
Advanced says its Health and Care unit is now the preferred supplier to more than 70% of the NHS 111 market while the group's target of 26,000 users of iNurse and iCare products by the year-end looks "achievable".
Advanced's Chief Executive Vin Murria said: "We expect to deliver excellent organic revenue growth of 10% for the half year and are continuing to see good growth opportunities for our products and services in both the public and private sectors, despite the current economic environment."
BS
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
