Tikit to ride success of recently launched products

After a spell of improving margins in the wake of the last recession, Tikit, the information technology solutions provider focused on the legal and accountancy professions, is ready to use its balance sheet strength to chase top line growth on the back of three recently released products.

After a spell of improving margins in the wake of the last recession, Tikit, the information technology solutions provider focused on the legal and accountancy professions, is ready to use its balance sheet strength to chase top line growth on the back of three recently released products.

The firm saw revenue ease by 2% in 2011 to £26.4m from £26.9m the year before, but Chairman Mike McGoun assured Sharecast that was a good result "given that we had to replace £1.6m of business lost as a result of LexisNexis cancelling its partnership agreement" relating to the sale and support of LexisNexis's customer relationship management (CRM) product, Interaction.

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