Microgen PLC AGM Trading update (0157D)
24 April 2017 - 4:00PM
UK Regulatory
TIDMMCGN
RNS Number : 0157D
Microgen PLC
24 April 2017
microgen
www.microgen.com
24 April 2017
AGM Trading Update
Ivan Martin, Chairman of Microgen plc ("Group"), will provide
the following trading update at the Annual General Meeting to be
held at 9.00 a.m. this morning.
"The Board is pleased to confirm that each of the Group's two
businesses have made a strong start to 2017.
The Aptitude Software business has built on the excellent
progress it achieved in 2016 with a number of successes in both new
and existing markets. Aptitude Software has successfully developed
its presence in the US healthcare market with two material
contracts secured since the start of the year. The opening of this
important new market in 2017 complements the continued demand for
the Aptitude Revenue Recognition Engine from telcos as they work
towards the implementation of IFRS 15 and ASC 606, accounting
standards which are effective for annual reporting periods
beginning on or after 1 January 2018.
Microgen Financial Systems continues to focus on growing its
Trust & Fund Administration business ("T&FA") through a
combination of organic growth and add-on acquisitions. New business
progress has continued in 2017 complemented by a number of
customers acquired with the add-on acquisitions committing to
convert to Microgen 5Series in line with the strategy of the
business. In February 2017 the business announced the acquisition
of Primacy Corporation, the fifth add-on acquisition within
T&FA since December 2014. The integration of Primacy
Corporation continues in line with expectations.
The Board remains confident that the progress at the start of
2017 will continue throughout the year."
Contacts
Ivan Martin, Chairman 020-7496-8100
Philip Wood, Chief Financial Officer
Darius Alexander, FTI Consulting 020-3727-1063
This information is provided by RNS
The company news service from the London Stock Exchange
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