News blog
Strategic Thought
- BY: Andrew Hore |
- POSTED: 25/11/2007 |
Risk management software provider Strategic Thought appears to be at a point where it should start to recover.
New management has taken over and is starting to turn the business around but it is still losing money. Chief executive was formerly with SAP. He has a three year plan and he hopes that the risk software side will be making operating margins of 25% by the end of the period.
The IT services business, which generates two-thirds of revenues, should also grow but more slowly than the software side. The balance sheet is strong with £4.7m in the bank.
Revenues grew from £5.3m to £6.1m in the six months to September 2007, but the loss increased from £400,000 to £1m. The increase in loss was down to restructuring costs.
The customer base for the software is impressive and includes NASA, Raytheon, EADS and Morley Fund Management. It is split fairly evenly between Europe and the US with a couple of recent sales in Australia. Forrester has given the company’s software the highest score in the risk management category.
Investment in strengthening the management team should begin to pay off next year.
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