Idox plc (IDOX.L), a supplier of specialist information management software and geospatial data solutions, Thursday reported profit before tax of 5.26 million pounds for the first half, higher than 4.56 million pounds in the comparable period last year, primarily helped by growth in revenue.
Operating profit increased to 6.44 million pounds from 5.67 million pounds in the prior year.
Net profit rose to 4.23 million pounds or 0.92p per share from 3.25 million pounds or 0.71p per share last year. Excluding one-time items, adjusted EPS increased 17% to 1.48p from 1.26p.
Revenue for the period grew to 45.01 million pounds from 43.15 million pounds a year ago.
Order intake for the first half rose 9% year-on-year to 58.7 million pounds.
Looking ahead, the company said in a statement, "A combination of strong growth in recurring revenue and an active bidding pipeline, provides good revenue visibility for the remainder of FY25 and into FY26. The business continues to perform well and in line with the Board's expectations."
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