'Excellent' first half for IDOX

18th May 2011 17:40

Public sector software supplier IDOX said that both revenue and normalised profits have shown "very significant" growth over the six month period ended 30 April, helped by acquisition of McLaren Software, which was bought in December.The integration of McLaren Software is said to have been swift, with the business returning to growth and profitability ahead of schedule."Performance is expected to accelerate as the company invests in additional global sales resource to capitalise on a growing pipeline of opportunities." "This was an excellent first half performance with growing opportunities, in both the UK public sector and global engineering document control business, coming through and driving revenue growth and profits upwards, setting the company up well for the second half of the trading year," said chief executive officer Richard Kellett-Clarke.---BC