4 December 2013 – trading update

A trading update has been released, although given that the share was on the big winners list ahead of the announcement at 1:40pm it would appear that this news had already been anticipated.  Revenue and profit for the year are both due to be materially better than 2012 and previous expectations.  There is also a good pipeline of business for the first quarter of 2014.  We continue to rate the shares as a BUY.