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Nasstar

  • BY: Andrew Hore |
  • POSTED: 28/04/2008 |

Nasstar has doubled its turnover and halved its loss at the interim stage. 

The provider of desktop software over the internet increased turnover from £490,000 to £1.01m and the loss fell from £243,000 to £117,000 in the six months to March 2008. The figures were released four weeks after the period end. The company sold its web hosting operations for £120,000 earlier this month.

The number of Hosted Exchange subscribers has risen from 3,492 to 7,000 over the past 12 months. New customers include easyGroup and Pinnacle Staffing.

The market for Software as a Service is growing and Nasstar has a good base to grow from.

The shares were unchanged at 35p, valuing the company at £5.06m. 

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