The incredible rise of IDOX continues

Idox, the software firm is in full on hiring mode, after letting the market know its 2012 figures will be 'substantially' ahead of 2011.

Excluding acquisitions, revenues from operations in the public sector and the Engineering Information Management businesses delivered 10% organic growth.

Including acquisitions, revenues increased by 58% over the comparable period last year.

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Revenue growth in the Engineering Information Management business has benefited from several big contracts, including with US electricity generator Southern Company, Occidental in Oil and Gas, and CH2M Hill in construction and engineering.

IDOX now says it has started a recruitment programme to hire new graduates as it seeks to "drive innovation".

By 10:08 the stock was up 6.6%. In that last 12 months IDOX shares have now gained 94.3%.

BS