IDOX PLC AGM Statement (0452B)
February 27 2014 - 2:03AM
UK Regulatory
TIDMIDOX
RNS Number : 0452B
IDOX PLC
27 February 2014
27 February 2014
Idox plc
AGM Statement
Idox plc (AIM: IDOX, "Idox" or "the Group"), a leading
independent supplier of software and services to the UK public
sector and global engineering information markets, is holding its
Annual General Meeting today at 10am.
At the AGM, Martin Brooks, Chairman of Idox, will make the
following statement:
"Idox has enjoyed a much better start to 2014 with Group
revenues growing by just over 10% in the first quarter compared to
the same period last year. This was predominantly the result of a
significant recovery in the Engineering Information Management
Division, with revenues reflecting the upturn in new business since
the start of the financial year, bolstered by a more disciplined
and rigorous approach to our new business pipeline management.
"In the Public Sector Software Division notable new business
wins since the start of the year have included corporate land &
property solutions at Trafford, Hindburn & Solihull, and
election managed services at Fife, East Ayrshire, South Lanarkshire
and Sheffield, leaving the Group's contracted deals ahead of the
comparable period last year. The division, which now includes the
Information Solutions business, has also completed a content
services contract with the Welsh government.
"We are encouraged by the positive start to the year, and the
board expects that the changes made to the business, which began in
2013, will deliver further benefits in the second half of the
current financial year.
"We are also delighted to announce the appointment of Jane
Mackie as Chief Financial Officer with immediate effect, details of
which are contained in a separate announcement."
-ends-
Enquiries:
Idox plc +44 (0) 20 7332 6000
Martin Brooks, Chairman
Richard Kellett-Clarke, Chief Executive
Jane Mackie, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
Shaun Dobson / Nick Donovan
Leander (Financial PR) +44 (0) 7795 168 157
Christian Taylor-Wilkinson
About Idox plc
Idox plc is a supplier of specialist document management
collaboration and process solutions and services to the UK public
sector and increasingly to highly regulated asset intensive
industries around the world in the wider corporate sector.
Its Public Sector Software Division is the leading solutions
provider to UK 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 Division provides public sector
organisations with tools to manage information and knowledge,
documents, content, business processes and workflow as well as
connecting directly with the citizen via the web. It also supplies,
predominantly to the public sector, decision support content such
as grants and planning policy information as well as related
specialist services.
The Engineering Information Management Division delivers
engineering document control, project collaboration and facility
management solutions to many leading companies in industries such
as oil & gas, architecture and construction, mining, utilities,
pharmaceuticals and transportation around the world.
The Group employs over 500 staff located in the UK, the USA,
Europe, India and Australia.
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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