Quindell on track for good year

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.

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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.