News blog

IS Solutions

  • BY: Andrew Hore |
  • POSTED: 17/02/2012 |

Online technology services provider IS Solutions says that its 2011 figures are in line with expectations although the mix of business is changing.

Revenues fell from £6.41m to £4.05m in the six months to June 2011 but this was mainly down to the lack of low margin software sales to government departments. The full year forecast is £9.4m, down from £11m in 2010 with continued growth in managed services and revenues partly offsetting the decline in software sales.

Pre-tax profit is forecast to grow from £700,000 to £900,000 – the interim profit was £310,000. A dividend of 1.3p a share is forecast.

There is more than £1m of cash in the bank. That is after IS Solutions used cash to increase its investment in analytics software firm Speed-Trap Holdings from £200,000 to £700,000 during the year.

At 39.5p a share, IS Solutions is valued at £9.85m. The shares are trading on just over 12 times prospective 2011 earnings. The yield is 3.3%.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFFebruary2012_29.pdf

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds