No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Software developer Alfa Financial Software said on Tuesday that it had delivered a "strong trading performance" in the three months ended 31 March, with total contract values reaching a new record in the quarter.
Alfa Financial said Q1 revenues had grown 20% year-on-year to 31.0m, with subscription revenues up 21% on Q124, while software engineering revenues grew 79% and delivery revenues improved 8%.
The FTSE 250-listed group highlighted that total contract values at the end of the quarter were at an all-time high of 227.0m, up from the previous record of 221.0m on 31 December 2024 and versus 190.0m at the same time a year earlier.
Chief executive Andrew Denton said: "We've had a strong start to the year across all revenue streams as we deliver for new customers, upgrade existing customers to Alfa Systems 6 and work with late-stage prospects through the sales process. We continue to see fantastic sequential growth in our Subscription revenues, up 6% on last quarter and 21% on the same quarter last year.
"We continue to invest in the product and our people to further enhance our leading position in the market and our excellent delivery track record. We have seen no change in customer buying behaviour as a result of current macro-economic uncertainty and we are well positioned to achieve our expectations for the year."
As of 0905 BST, Alfa Financial shares were up 1.39% at 219.00p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.