Bond shaken but not deterred

23rd Sep 2010 16:30

Personnel and recruitment software developer Bond International Software moved into the red at the half-year stage but said the second half of the year has started more positively.Group revenue in the six months to 30 June 2010 tumbled to £15.1m from £17.1m in the first half of last year, but recurring revenues remained virtually unchanged at £9.04m. Loss before tax came to £0.68m against a profit the year before of £0.80m."We are seeing some signs that the market for staffing software is recovering with some more positive decision making seen in our customer base. Whilst none of the evidence of recovery in the staffing market is conclusive and neither does it indicate the speed of recovery, the board firmly believes that the worst is over and that business will start to improve in the last quarter," said group chief executive Steve Russell.