EMIS climbs after positive first-half results

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EMIS climbs after positive first-half results
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AIM-listed EMIS (LON:EMIS) saw its shares rise by 3.83% to 950p (as of 15:20 BST) after first-half revenues climbed by 7% to £84.5 million. Reported profits rose by 23% to £12.9 million during the six months ended 30th June.

Management said that the revenue outlook and order book for the remainder of the year was positive and they were confident in meeting expectations. Additionally, the firm has agreed terms to exit from certain legacy commitments.

CEO Andy Thorburn said: “We made encouraging progress in the first half in line with the Board’s expectations, delivering further revenue growth and an improvement in profits, despite our investment in Patient and our legacy-related service execution. With a strengthened senior leadership team now in place and further growth in recurring revenues, we remain confident of delivering on our expectations for the year as a whole.

“This is a demanding yet encouraging time for the Group. We are committed to resolving our legacy issues, meeting and exceeding our customers’, users’ and shareholders’ expectations while planning for growth. There is still more work to do to bring the Group’s performance up to the standards I expect, but the changes we have made in the last year provide the core foundations for the next stage of our growth.”

 

 

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