AGM statement (2323C)
March 03 2011 - 2:00AM
UK Regulatory
TIDMIDOX
RNS Number : 2323C
IDOX PLC
03 March 2011
3 March 2011
IDOX plc
AGM statement
IDOX plc (AIM: IDOX, 'IDOX' or the 'Company'), a leading
independent supplier of software and services to the UK public
sector and other markets, is holding its Annual General Meeting
today.
At the AGM, Chairman Martin Brooks will make the following
statement:
"The Company has seen a strong start to the trading year with an
uplift of new orders in the first quarter compared to the previous
year. Overall revenues for the year to date and resultant
profitability are significantly ahead of last year, the
acquisitions made are performing to plan or better and the
company's cost base continues to be very well contained. As in
previous years the weighting of delivery and revenue recognition
will be towards the second half of the year, especially with Easter
and other public holidays falling close together in April, usually
a period of high activity for the company.
"There continues to be an attractive pipeline of possible
acquisitions which meet the Company's exacting criteria and the
potential acquisition of LalPac announced on 9 February 2011 is
being progressed with the Office of Fair Trading (OFT) for their
consideration.
"Although it is still early in the trading year to make
confident forecasts on outlook, particularly during a period of
continuing economic uncertainty, we are very encouraged by progress
so far."
Enquiries:
IDOX plc +44 (0) 20 7332 6000
Martin Brooks, Chairman
Richard Kellett-Clarke, Chief Executive
William Edmondson, Chief Financial
Officer
Investec Investment Banking +44 (0) 20 7597 5104
Andrew Pinder
Patrick Robb
FinnCap +44 (0) 20 7600 1658
Charles Cunningham (Corporate Finance)
Stephen Norcross (Corporate Broking)
College Hill +44 (0) 20 7457 2020
Adrian Duffield / Kay Larsen
About IDOX plc
IDOX plc is a supplier of software solutions and services to the
UK public sector and increasingly to the wider corporate sector. It
is the leading applications provider to local government for core
functions relating to land, people and property, such as its market
leading planning systems and election management software. Over 90%
of UK local authorities are now customers.
The Group provides public sector organisations with tools to
manage information and knowledge, documents and content, business
processes and workflow as well as connecting directly with the
citizen via the web.
These capabilities have been recently extended via the
acquisition of McLaren Software into the related area of
engineering document management and control applications, serving
many leading international companies in industries such as oil
& gas, mining, utilities, pharmaceuticals and
transportation.
IDOX also supplies decision support content and additional
specialist services via the IDOX Information Solutions business, as
well as transforming approaches to knowledge and content management
via consultancy and training in the UK and internationally.
In addition, it provides these specialist skills to customers
through its TFPL branded recruitment division.
For more information see www.idoxplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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