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Proactis doubles full-year revenues, swings to a profit

Tue, 30th Oct 2018 10:52

(Sharecast News) - Proactis swung to a profit in its last trading year after the AIM-listed outfit successfully doubled revenues throughout the period.Proactis, which provides sales and procurement management software tools to companies, saw pre-tax profits come in at £3.7m for the year ended 31 July, swinging from the £2.7m loss reported twelve months earlier.Revenues rocketed 105% to £52.2m, driven by a £16m contribution from its operations on the continent.Proactis, which acquired Perfect Commerce as part of a $123.5m reverse takeover in July 2017, also turned in an improved performance in the US as a result of its increased presence in the market.EBITDA soared 119% to £17.3m.Proactis raised its final dividend to 1.5 pence per share from the 1.4p returned to investors a year earlier.Statutory earnings per share came in at 5.4p - a marked turnaround from the loss of 5.9p per share seen in 2017.Looking forward, Proactis plans to accelerate organic growth in the US and mainland Europe.Chief executive Hamp Wall, said: "The group's new business performance is as strong as we had planned for and our retention performance has recovered to more normalised levels after a disappointing period."The new name and upsell performance was strong in both volume and value and this gives me confidence that we will see a return to sustainable organic growth with a significant opportunity for enhancement in the United States and North West Europe."Debt increased more than 3,000% to £29.3m.As of 1150 BST, Proactis shares had picked up 2.83% to 136.25p.
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4 Jun 2014 14:20

Sector movers: Software stocks on the rise

Software stocks were on the rise on Wednesday as strong gains from Advanced Computer Software (ACS), Macromac, ServicePower and Proactis gave the sector a lift. ACS, the AIM-listed software and IT group which provides services to the UK health, care and business sectors, impressed after saying reve

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3 Jun 2014 07:48

Proactis Wins Framework Deal For UK Government's GCloud Initiative

LONDON (Alliance News) - Proactis Holdings PLC said Tuesday it has won a deal with the UK government's GCloud V initiative, to provide spend control and eProcurement services directly to government, health and education organisations through the cloud. Under the government's 'Cloud First' p

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29 Apr 2014 14:38

Proactis Non-Executive Director, Chairman Subscribe To Shares

LONDON (Alliance News) - Proactis Holdings PLC Tuesday said it raised proceeds of GBP700,000 after non-executive Chairman Alan Aubrey and non-executive Director Rodney Potts subscribed for shares. Proactis said that Potts subscribed for 1.3 million shares at a price of 50 pence per share, w

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29 Apr 2014 11:51

Proactis Buys US E-Auction Software Company Intesource

LONDON (Alliance News) - Proactis Holdings PLC Tuesday said it will buy e-auction software company Intesource Inc for USD3.9 million in cash, a deal that will boost its size and profitability as well as giving it increased expertise in the US market. In a statement, the spend control softwa

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18 Mar 2014 11:57

Proactis Raises GBP2.2 Million As It Evaluates Acquisitions

LONDON (Alliance News) - Proactis Holdings PLC Tuesday said it has raised GBP2.2 million before expenses by issuing 4.4 million shares in order to support further acquisitions and to give it working capital. Proactis said it is evaluating a number of target acquisitions but no terms have be

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3 Mar 2014 15:23

UPDATE: Proactis Pretax Profit Multiplies In Half-Year

LONDON (Alliance News) - Proactis Holdings PLC Monday said its pretax profit multiplied in the half-year ended January 31, 2013, as revenue was boosted by new customer deals and administrative costs declined. Proactis posted a pretax profit of GBP321,000, up from GBP16,000 in the previous y

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3 Mar 2014 10:48

Proactis Pretax Profit Multiplies In Half Year

LONDON (Alliance News) - Proactis Holdings PLC Monday said it pretax profit multiply in the half year ended January 31, 2013, as revenue was boosted by new customer deals and administrative costs declined. Proactis posted a pretax profit of GBP321,000, up from GBP16,000 in the previous year

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19 Feb 2014 10:21

Proactis Holdings Says First Half Results To Meet Market Expectations

LONDON (Alliance News) - Business software and support services company Proactis Holdings Wednesday said its results for the six months ended January 31 are expected to be in line with current market expectations, with a significant increase in profitability. The spending control software f

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