StatPro Group PLC Q3 trading update (8849M)
October 19 2016 - 1:00AM
UK Regulatory
TIDMSOG
RNS Number : 8849M
StatPro Group PLC
19 October 2016
19 October 2016
StatPro Group PLC
Q3 trading update
StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the
cloud-based portfolio analysis and asset pricing services provider
for the global asset management industry, provides a trading update
for the nine months ended 30 September 2016.
Revenue and profits continue to be in line with the Board's
expectations for the year.
In the 12 months to 30 September 2016, Annualised Recurring
Revenue ("ARR") for StatPro Revolution, the cloud-based portfolio
analysis service, grew by 81% to GBP14.7 million (September 2015:
GBP8.2 million at constant currency), including the contribution
from Investor Analytics' cloud-based risk service, acquired in
January 2016.
StatPro Revolution as a percentage of Group ARR increased to 39%
(September 2015: 25% at constant currency).
StatPro successfully launched the major expansion of its
Revolution platform with the cloud-based performance measurement
service, StatPro Revolution Performance, in September.
Justin Wheatley, Chief Executive, commented:
"Although StatPro Revolution Performance was only released on 28
September, one of our beta clients, National Australia Bank, has
already gone live with eight of its clients on the platform.
"We are delighted by the reception that Revolution Performance
has received from clients, prospects and industry specialists
following its recent launch and subsequent marketing events around
the world."
Enquiries:
StatPro Group plc
Justin Wheatley, Chief +44 (0) 20 8410
Executive 9876
Andrew Fabian, Finance
Director
Panmure Gordon - Nomad
and Broker
Corporate Finance - Freddy +44 (0) 20 7886
Crossley / Fabien Holler 2500
Corporate Broking - Tom
Salvesen
Instinctif Partners
Adrian Duffield / Lauren +44 (0) 20 7457
Foster 2020
About StatPro
StatPro is a global provider of award winning portfolio
analytics solutions for the investment community. The Group's
cloud-based platform provides vital analysis of portfolio
performance, attribution, risk and compliance. This multi-asset
class analytics platform helps StatPro's clients increase assets
under management, improve client service, meet tough regulations
and reduce costs.
The Group's integrated and global data coverage includes over
3.2 million securities such as equities, bonds, mutual funds, FX
rates, futures, options, OTCs, sector classifications and much else
besides. StatPro also covers most families of benchmarks including
MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.
StatPro has grown its Annualised Recurring Revenue from less
than GBP1 million in 1999 to around GBP36 million at the end of
June 2016. The Group has operations in Europe, North America, South
Africa, Asia and Australia, with hundreds of clients in 38
countries around the world. Approximately 80% of recurring revenues
are generated outside the UK. StatPro Group plc shares are listed
on AIM.
This information is provided by RNS
The company news service from the London Stock Exchange
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