StatPro Group PLC - Q3 Trading Update
(Thomson Reuters ONE) -
19 October 2016
StatPro Group PLC
Q3 trading update
StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the cloud-based portfolio
analysis and asset pricing services provider for the global asset management
industry, provides a trading update for the nine months ended 30 September 2016.
Revenue and profits continue to be in line with the Board's expectations for the
year.
In the 12 months to 30 September 2016, Annualised Recurring Revenue (ARR) for
StatPro Revolution, the cloud-based portfolio analysis service, grew by 81% to
£14.7 million (September 2015: £8.2 million at constant currency), including the
contribution from Investor Analytics' cloud-based risk service, acquired in
January 2016.
StatPro Revolution as a percentage of Group ARR increased to 39% (September
2015: 25% at constant currency).
StatPro successfully launched the major expansion of its Revolution platform
with the cloud-based performance measurement service, StatPro Revolution
Performance, in September.
Justin Wheatley, Chief Executive, commented:
"Although StatPro Revolution Performance was only released on 28 September, one
of our beta clients, National Australia Bank, has already gone live with eight
of its clients on the platform.
"We are delighted by the reception that Revolution Performance has received from
clients, prospects and industry specialists following its recent launch and
subsequent marketing events around the world."
Enquiries:
StatPro Group plc
Justin Wheatley, Chief Executive +44 (0) 20 8410 9876
Andrew Fabian, Finance Director
Panmure Gordon - Nomad and Broker
Corporate Finance - Freddy Crossley / Fabien Holler +44 (0) 20 7886 2500
Corporate Broking - Tom Salvesen
Instinctif Partners
Adrian Duffield / Lauren Foster +44 (0) 20 7457 2020
About StatPro
StatPro is a global provider of award winning portfolio analytics solutions for
the investment community. The Group's cloud-based platform provides vital
analysis of portfolio performance, attribution, risk and compliance. This multi-
asset class analytics platform helps StatPro's clients increase assets under
management, improve client service, meet tough regulations and reduce costs.
The Group's integrated and global data coverage includes over 3.2 million
securities such as equities, bonds, mutual funds, FX rates, futures, options,
OTCs, sector classifications and much else besides. StatPro also covers most
families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source
Freedom Index.
StatPro has grown its Annualised Recurring Revenue from less than £1 million in
1999 to around £36 million at the end of June 2016. The Group has operations in
Europe, North America, South Africa, Asia and Australia, with hundreds of
clients in 38 countries around the world. Approximately 80% of recurring
revenues are generated outside the UK. StatPro Group plc shares are listed on
AIM.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: StatPro Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 19.10.2016 - 08:05 Uhr
Sprache: Deutsch
News-ID 501373
Anzahl Zeichen: 3978
contact information:
Town:
Boston
Kategorie:
Business News
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