StatPro Group PLC Q3 trading update (0030U)
October 19 2017 - 1:00AM
UK Regulatory
TIDMSOG
RNS Number : 0030U
StatPro Group PLC
19 October 2017
19 October 2017
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 2017.
Revenue and profits continue to be in line with the Board's
expectations for the current year.
In the 12 months to 30 September 2017, Group Annualised
Recurring Revenue ("ARR"), increased by 40% to GBP52.9 million
(September 2016: GBP37.9 million at constant currency), which
includes the addition of ARR for Delta, the cloud-based risk and
performance analytics service, acquired in May 2017.
The percentage of Group ARR that is Software as a Service has
continued to increase to 83% (September 2016: 75% at constant
currency).
Justin Wheatley, Chief Executive, commented:
"We continue to make solid progress migrating our software to
pure cloud-based delivery which will improve our operational
efficiency and increase our margins.
The integration of Delta is also going well. Our roadmap to add
the excellent and complementary Delta functionality into our
flagship cloud platform, Revolution, has been well received by
clients."
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 / James Stearns
Instinctif Partners
Adrian Duffield / Chris +44 (0) 20 7457
Birt 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.
The Group has operations in Europe, North America, South Africa,
Asia and Australia, with hundreds of clients in 39 countries around
the world.
StatPro has grown its Annualised Recurring Revenue from less
than GBP1 million in 1999 to around GBP53 million at the end of
September 2017. Over 75% 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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