StatPro First-Half In Line As Recurring Revenue Jumps 47%

LONDON (Alliance News) - StatPro Group PLC said Monday its first-half trading was in line with ...

Alliance News 17 July, 2017 | 12:33PM
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LONDON (Alliance News) - StatPro Group PLC said Monday its first-half trading was in line with expectations, as it saw a major increase in recurring revenue.

StatPro, which provides portfolio analysis and asset pricing services to asset managers, said its annualised recurring revenue for the six months to June 30 was around GBP53.2 million. This was up 47% from GBP36.2 million for the same period in 2016.

Of that recurring revenue, 82% came from software-as-a-service offerings, compared to 74% the prior year.

StatPro also said the integration of its EUR13.1 million purchase of risk and performance analytics service UBS Delta is "progressing well", having completed in May.

Shares in StatPro were up 2.7% at 120.10 pence Monday.

By Adam Clark; adamclark@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
StatPro Group PLC 162.00 GBX 0.00 -
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