Outsourcing software developer ServicePower Technologies said a strong performance in the last quarter of the year meant 2011 results would come in above market expectations.
The firm expects revenue for the year to 31 December 2011 to be around £13.2m and profit before tax to be £1.1m.
It also said it expects to report a net cash balance of approximately £5.5m at the year end.
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 news caused the company's shares to leap almost 17% in morning trading.
Chief Executive Mark Duffin said the performance was due to the quality of the company's field service software and dedication of its team.
"The company has a healthy pipeline, increasing revenue visibility and a growing core of first class customers," he said.
"We are confident of our on-going prospects and look forward to updating the market at the time of our full year results, due to be announced in March."
-
Can you afford to retire in 2025?From interest rates and inflation to tax changes, there are plenty of factors to consider if you plan to retire next year – here is how to prepare.
-
8 of the best properties for sale near ski slopesThe best properties for sale near ski slopes – from a luxury cabin in Geilo, one of Norway’s premier ski resorts, to a large chalet in Valais, Switzerland
