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AIM-listed enterprise software Sopheon (LON:SPE) recorded a record third quarter following a number of contract wins since the firm’s interim results were published. Full year revenue visibility now exceeds $30 million, up from the $27.2 million that was locked in at the time of the first half results at the end of August.
The board said it views “this continued delivery of commercial results as emblematic of the growing maturity of the market that we serve, and of Sopheon’s rising reputation for value underpinned by increasing adoption of our solutions“. Management believe that results for the current year will now exceed market expectations.
Shares in Sopheon rose by 12.89% to 1,025p (as of 13:00 BST).