Business
Increased expectations for the full year
Increased expectations for the full year.
About this update from Alfa Financial Software Holdings Plc
[{"type":"text","content":"\n \n \n 20 September 2022\n \n \n \n Alfa Financial Software Holdings PLC\n \n \n \n \n Increased expectations for the full year\n \n \n \n \n \n \n Alfa Financial Software Holdings PLC (\"Alfa\" or the \"Company\"), a leading developer of mission-critical software for the asset finance industry provides this update on trading.\n \n \n \n \n \n \n Trading\n \n \n \n Since the announcement of our half year results on 1 September 2022 we have obtained improved contractual certainty with two clients as well as requests for additional people on other projects. August performance was very strong with chargeable days at a record level. In addition, a high level of approvals received from clients for development by our product engineering teams has boosted Software revenue in August and this has continued into September.\n \n \n \n \n \n \n Outlook\n \n \n \n The improved contractual certainty and strong trading means that our expectations for full year revenue have increased by approximately two million Sterling, with most of this benefit falling through to operating profit. The Board remains confident that the Group's strong intellectual property, strategy and business model will maintain its market-leading position, financial performance and continued growth.\n \n \n \n \n \n \n \n \n Andrew Denton, Chief Executive Officer of Alfa, said:\n \n \n \n \"I am very happy that we have had a record chargeable month and good Software revenue performance in August and this along with a strong trading start to the second half has enabled us to increase our expectations for the full year. The strength of our order book, our sales execution and our pipeline continue to give us confidence in our future prospects.\"\n \n \n \n \n \n \n \n \n \n Enquiries\n \n \n \n \n \n \n \n \n \n \n \n \n \n Alfa Financial Software Holdings PLC\n \n \n \n Andrew Denton, Chief Executive Officer\n \n \n Duncan Magrath, Chief Financial Officer\n \n \n and\n \n \n \n \n +44 (0)20 7588 1800\n \n \n \n \n \n \n \n Tulchan Communications LLP\n \n \n \n James Macey White\n \n \n Ed Cropley\n \n \n \n \n \n \n \n +44 (0)20 7353 4200\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n LEI\n \n : 213800C5UOZHUTNUGA28\n \n \n \n \n \n This announcement may include statements that are, or may be deemed to ...