Portrait Software says that its second half sales increased by 10% compared to the first half.
Shares in Portrait Software recovered 2.25p to 7.5p each, which values the customer interaction optimisation software provider at £8.88m.
Software revenues grew 28% thanks to 20 new licence deals. Total revenues should increase by £300,000 to £14.4m in the year to March 2009. Gross cash is £3.4m.
Non-recurring charges of £2m mean that Portrait will report a loss in the year to March 2009. Annualised cost savings of more than £3.5m have been achieved.
The full year results will be released in June 2009.
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