Software outsourcing firm Quindell Portfolio hailed an 'exceptionally strong' first half with results comfortably in line with market expectations.
The firm said that turnover for the six months to the end of June was expected to be around £45m.
Earnings per share were in line with market expectations at around 0.44p, it said.
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 company added it was "extremely confident" of meeting market expectations for the full year.
"With the integration of our core insurance outsource services operations over the last six months, the good performance of our core brand extension business and with continued growing demand for our technology, we have been able to deliver an extremely strong first six months of 2012," said Chairman Rob Terry.
Quindell highlighted its software and consultancy division, which finished the first half with a record level of license in the pipeline.
-
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?
