Eg reveals revenue increase
Eg Solutions, the back office software optimisation company, has announced a 15 per cent increase in revenue to £2.4m in the six months to 31 July 2010. The Stafford-based company also said profit before tax and acquisition costs were ahead of the comparable 2009 period.
The company’s net cash increased to £0.7m, up from £0.6m at 31 July 2009.
During the six month period, the business acquired XTAQ, a developer and supplier of business performance measurement software. It also signed contracts with a South African company, and in June this year, announced a contract worth £430,000 with the general insurance division of an existing Eg client, for XTAQ's Nuqleus 3D software.
Eg, which will release its full interim statement in September, said: “During the period, having established a strong platform for growth, Eg has continued to expand profitably as well as making further progress with the strategic development of the company."
