Fusionex International PLC Trading Update (2338N)
October 24 2016 - 1:00AM
UK Regulatory
TIDMFXI
RNS Number : 2338N
Fusionex International PLC
24 October 2016
For Immediate Release 24 October 2016
Fusionex International PLC
("Fusionex" or "the Group")
Trading Update
Fusionex, a multi-award winning international software solutions
provider specialising in Big Data Analytics, Artificial
Intelligence and the Internet of Things ("IoT"), is pleased to
provide the following trading update for the year ended 30
September 2016 ("FY2016").
Building on momentum achieved in the first half of the 2016
financial year, Fusionex has continued to deliver on its strategy
and make progress throughout the rest of the year. In particular,
the Group successfully launched the next generation of its
proprietary Big Data Analytics ("BDA") platform, 'GIANT 2016', in
June 2016. In addition to providing blue-chip enterprise
organisations with the most complete BDA software in its space,
GIANT 2016 has opened up a new addressable market across small and
medium sized businesses ("SMEs"). The pipeline for GIANT 2016 is
substantial.
The Group's steady progress has underpinned a strong FY2016
financial performance. The Board anticipates that revenue will be
in line with market expectations and, despite the significant
planned investment in the marketing and promotion of Fusionex's
products, EBITDA is expected to be significantly ahead of market
expectations.
The Board expects the positive momentum experienced in FY2016 to
continue in the current year.
For further information please contact:
Fusionex Through Buchanan
Ivan Teh, Chief Executive Officer
Yuen Choong Lai, Chief Financial
Officer
Darren Hopkins, Director of Investor
Relations & Corporate Development
Panmure Gordon (Nominated Adviser
and Joint Broker)
Andrew Godber, Alina Vaskina (Investment
Banking)
Charles Leigh-Pemberton (Corporate
Broking) 0207 886 2500
Peel Hunt LLP (Joint Broker)
Richard Kauffer, Euan Brown 0207 418 8900
Buchanan
Sophie McNulty, Stephanie Watson,
Patrick Hanrahan 0207 466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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