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AIM-listed data specialist D4T4 Solutions (LOND4T4) has seen its share price drop by 5.07% to 263.90p (as of 14:50 BST) following a year-end trading update. Revenues for the year were up by roughly 25%, but there was a one-off negative impact on profits due to the switch to IFRS 15.
CEO peter Kear said: “Our strategy continues to deliver and is reflected in our strong overall growth. At the same time we continue to innovate our product, grow geographically and deepen our relationships with our strategic partners. The business enters the new financial year in robust shape after closing a number of significant contracts in the second half year, these contracts will have an impact on 2018-19 and on subsequent years, and we are encouraged by the opportunities and outlook for the business in the coming year. Consequently, as a Board we are confident of delivering results in line with expectations for the financial year ending March 2020“.
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