StatPro Group PLC Q3 trading update (5914C)

TIDMSOG

RNS Number : 5914C

StatPro Group PLC

19 October 2015

StatPro Group plc

Q3 trading update

StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, provides a trading update for the nine months ended 30 September 2015.

Revenue and profits for the nine months ended 30 September 2015 are in line with expectations for the year.

In the 12 months to the end of September 2015, Annualised Recurring Revenue for StatPro Revolution, the cloud-based portfolio analysis service, grew by 68% to GBP7.2 million (September 2014: GBP4.3 million at constant currency).

StatPro Revolution now represents 25% of Group Annualised Recurring Revenue (September 2014: 15% at constant currency).

StatPro Revolution related revenue, (defined as the total Annualised Recurring Revenue from clients whose subscription includes StatPro Revolution), grew to GBP13.6 million and 54% of total software revenue (September 2014: GBP10.0 million / 41% at constant currency).

Following the launch of the new Performance Share Plan announced earlier this year, the Board has approved a plan to buy back shares. Any shares purchased will initially be held in treasury.

Justin Wheatley, Chief Executive, commented:

"We have had a good third quarter, in what is normally a quiet period, which reflects the growing momentum of StatPro Revolution.

"Our sales pipeline remains strong. We look forward to a successful outcome for the current year and the continued execution of our cloud-based strategy."

- Ends -

Enquiries:

 
 StatPro Group plc 
 Justin Wheatley, Chief 
  Executive                     020 8410 9876 
 Andrew Fabian, Finance 
  Director 
 
 Panmure Gordon - Nomad 
  and Broker 
 Corporate Finance - Freddy 
  Crossley / Fred Walsh         020 7886 2500 
 Corporate Broking - Tom 
  Salvesen 
 
 Instinctif Partners 
 Adrian Duffield / Lauren 
  Foster                        020 7457 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 licence free Freedom Index.

StatPro has grown its Annualised Recurring Revenue from less than GBP1 million in 1999 to around GBP29 million at 30 June 2015. The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 37 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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