8 October 2013 – trading update
The company has revealed that since its last update in July, sales volumes disappointed through to the end of August. September was more in line with expectations and progress is said to have been made with the licensing of SaaS platforms into other territories. Results for the current year are therefore set to be below market expectations and skewed towards the second half. Interim results for the period ending 30 September are expected to be announced on 4 November. We continue to believe in the company and keep our BUY rating.