IN BRIEF: Oxford Metrics eyes annual results to meet market guidance

Oxford Metrics PLC - Oxford-based software provider - Says it has entered financial 2023 with a ...

Alliance News 9 February, 2023 | 10:50AM
Email Form Facebook Twitter LinkedIn RSS

Oxford Metrics PLC - Oxford-based software provider - Says it has entered financial 2023 with a record order book. Expects revenue the second half of the year to be weighted in line with previous years. Despite the industry-wide supply chain situation, Oxford Metrics still anticipates to deliver performance in line with achieving market expectations for the financial year.

Chief Executive Officer Nick Bolton says: "Oxford Metrics entered Financial 2023 with a record order book. The board is pleased to announce that following a good start to the new financial year, the group has continued to experience high order intake and has a substantial order book. This, together with recently shipped systems and current sales pipeline opportunities, means the group has 100% visibility on revenue expectations for the full year."

Back in December, Oxford Metrics had reported pretax profit of GBP2.7 million for the financial year ended September 30, down 25% from GBP3.6 million a year earlier. Revenue was up 4.5% to GBP28.8 million from GBP27.6 million.

Current stock price: 108.00 pence each, up 3.9% on Thursday morning in London

12-month change: down 4.0%

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Oxford Metrics PLC 112.50 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures