Tikit sees strong second half performance

Tikit Group, a provider of consultancy services, has reported strong trading for the second half of the year ended 31 December, with full year results in line with market expectations.

The improved operating margin announced at the interim stage has been maintained for the full year as the firm sees itself increasing revenues derived from its own software.

There has been a positive net cash inflow during the year, reflecting the cash generative nature of its operations, the firm said.

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In a statement the group added that, "we finished the year strongly and have secured a healthy pipeline of implementation work, which, combined with our focus on recurring revenues from its support services and sales of Tikit-developed software, provides the board with confidence for continued growth in 2012."

The share price rose 0.87% to 290p by 14:07PM.

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