Alfa Financial Software Hldgs PLC Increased expectations for the full year (8307Z)
September 20 2022 - 2:00AM
UK Regulatory
TIDMALFA
RNS Number : 8307Z
Alfa Financial Software Hldgs PLC
20 September 2022
20 September 2022
Alfa Financial Software Holdings PLC
Increased expectations for the full year
Alfa Financial Software Holdings PLC ("Alfa" or the "Company"),
a leading developer of mission-critical software for the asset
finance industry provides this update on trading.
Trading
Since the announcement of our half year results on 1 September
2022 we have obtained improved contractual certainty with two
clients as well as requests for additional people on other
projects. August performance was very strong with chargeable days
at a record level. In addition, a high level of approvals received
from clients for development by our product engineering teams has
boosted Software revenue in August and this has continued into
September.
Outlook
The improved contractual certainty and strong trading means that
our expectations for full year revenue have increased by
approximately two million Sterling, with most of this benefit
falling through to operating profit. The Board remains confident
that the Group's strong intellectual property, strategy and
business model will maintain its market-leading position, financial
performance and continued growth.
Andrew Denton, Chief Executive Officer of Alfa, said:
"I am very happy that we have had a record chargeable month and
good Software revenue performance in August and this along with a
strong trading start to the second half has enabled us to increase
our expectations for the full year. The strength of our order book,
our sales execution and our pipeline continue to give us confidence
in our future prospects."
Enquiries
Alfa Financial Software Holdings
PLC
Andrew Denton, Chief Executive
Officer
Duncan Magrath, Chief Financial
Officer
and +44 (0)20 7588 1800
Tulchan Communications LLP
James Macey White
Ed Cropley +44 (0)20 7353 4200
LEI : 213800C5UOZHUTNUGA28
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements may be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or
comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. Forward-looking
statements may and often do differ materially from actual results.
Any forward-looking statements reflect the Company's current view
with respect to future events and are subject to risks relating to
future events and other risks, uncertainties and assumptions
relating to the Group's business, results of operations, financial
position, liquidity, prospects, growth or strategies.
Forward-looking statements speak only as of the date they are
made.
Notes to Editors
Alfa has been delivering software systems and consultancy
services to the global asset and automotive finance industry since
1990. Our best practice methodologies and specialised knowledge of
asset finance facilitates delivery of large software
implementations and highly complex business change projects. With
an excellent delivery track record now into its fourth decade,
Alfa's experience and performance is unrivalled in the
industry.
Alfa Systems, our class-leading technology platform, is at the
heart of some of the world's largest asset finance companies. Key
to the business case for each implementation is Alfa Systems'
ability to replace multiple customer systems with our single
platform. Alfa Systems supports both retail and corporate business
for auto, equipment, wholesale and dealer finance on a
multijurisdictional basis, including leases/loans, originations and
servicing. An end-to-end solution with integrated workflow and
automated processing using business rules, Alfa Systems provides
compelling solutions to asset finance companies.
Alfa Systems is currently live in 37 countries. Alfa has offices
in Europe, Australasia and North America. For more information,
visit www.alfasystems.com.
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