23 February 2018
Visit www.capgemini.com/worldreports

StatPro says Q3 trading in line

22 October 2009  |  1426 views  |  0 Source: StatPro

StatPro Group plc (AIM:SOG), the AIM listed provider of portfolio analytics, market data and asset pricing services for the global asset management industry, today provides a trading update for the nine months ended 30 September 2009.

The Board is pleased to report that trading for the nine months ended 30 September 2009 was in line with the Directors' expectations and ahead of the comparable period in 2008. We continue to win new business and the renewal rate for the year to date remains above our budgeted level. The operating cash flow remains strong and we are further reducing our net debt.

During the quarter we have continued to make good progress in the further development of our Software as a Service ("SaaS") offering. This will see the delivery of our next generation SaaS solution in 2010 enabling us to offer our services to a broader market more cost effectively. Standardising the product offering will also simplify the support and sales process thus reducing the on going costs of supporting each client.

Our pipeline of new prospects remains strong, market conditions in the fund management sector are stable and as a result we remain confident for a successful outcome for the year.

Justin Wheatley, Chief Executive, commented: "SaaS is going to change the rules of the game in the portfolio analytics market as it will do everywhere else. StatPro is ahead of the curve as we have both moved our existing products to a hosted environment and invested in totally new multi-tenant web-based software. The key is to offer better services at a lower price point thereby broadening our addressable market substantially."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsVisit http://info.nice.comvisit www.capgemini.com/worldreports

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
10546 views comments | 14 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
9809 views 3 | 8 tweets | 1 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8872 views comments | 13 tweets | 13 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
7594 views comments | 15 tweets | 26 linkedin

Featured job

to £100K base, double OTE, benefits
London, UK

Find your next job