24 November 2010 – trading statement

IDOX, which supplies software and IT services to the public sector, had a strong finish to its financial year which ended on 31 October with the result that profits are expected to come in ahead of market forecasts.  These higher profits have been achieved despite a slight fall in revenues helped by a reduction in lower margin business.  Three earnings enhancing acquisitions were made during the year and these, together with continuing strength in the core business, mean that results for the year to 31 October 2011 are also likely to exceed expectations.  Despite the rise in the share price, the shares are still GOOD VALUE.