Advanced Computer Software Group (ASW) has announced results for its half year ended 31st August 2014 and that it “is confident that full year results, supported by strong contracted revenue visibility and a robust contract pipeline, will be in line with its expectations”. This is another stunning performance from the Queen of tech Vin Murria.
The interim results show an adjusted pre-tax profit of £22.2 million on revenue up 4% organically, to £108.1 million, generating earnings per share of 3.6p, up from 3.4p. After increased capitalised development expenditure (of £1.7 million) and dividends paid (of £2.1 million), as well as £2.3 million of acquisition spending, net debt was reduced by £11.5 million to £37.9 million.
on ShareProphets | Comments