Revenue rises at ILX

AIM listed e-learning software and business training provider ILX said it is confident trading for the year ended 31 March 2012 will meet market expectations.

Increased revenue is expected to give an operating profit of around £1m.

In a company update ILX said, "Despite the continued challenging market conditions, especially in the UK, ILX has experienced overall revenue growth due to the strength of its overseas operations."

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ILX said it continues to focus on developing its e-learning digital capability and the building of recurring revenue streams from its software products.

"This is allied to its strategy of international expansion where the Company continues to see steady growth, principally in Australasia and the Middle East, where significant new contracts have been won," it added.

CJ