eg solutions ups full-year revenue outlook after contract wins

3rd Jun 2014 09:52

Shares in eg solutions, a back office optimisation software company, jumped after announced its revenue for the first six months of the financial year ahead of the comparative periods in 2012 and 2013.As such, its financial performance for the full year to January 31st 2015 will be ahead of its expectations. The increase is the result of a number of contract wins from both new and existing customers. Elizabeth Gooch, acting Chief Executive, said: "We have made good progress in the four months since the year end; this has given the board greater confidence and visibility for the full year performance. "We have refocused the business, making a number of senior hires in key areas of the business, and we are beginning to see the benefits of this. We still have more work to do to capitalise on the market opportunity, but believe we are starting to build momentum." The share price had climbed 5.69% to 65p by 09:42.NR