World Careers Network reports big revenue rise

published 30 April 2012

Recruitment software provider World Careers Networks (WCN) says a rise in licence fee and 'implementation' income boosted revenues and profits in the six months to the end of January.

Turnover increased by 30% to £3.51m compared to £2.69m in the first half of 2011. At the same time overheads rose by £440,000 resulting in profits before tax of just under £1.1m, an increase of 53% on the £0.71m reported for the first half of last year.

The firm says it expects full year revenues to exceed the prior year, although the growing headcount and investment, particularly in security, will see costs rise.