Oxford Metrics, a leading software company in the UK, has announced that it expects to report higher-than-expected full-year revenue and adjusted pretax profit. This announcement has led to a surge in the company’s shares, which were up by 12% at 91.5 pence as of 0714 GMT.
Strong Financial Performance
For the year ended September 30, Oxford Metrics anticipates reporting revenue of £44.0 million ($53.5 million) and an adjusted pretax profit of £6.3 million. These figures surpass the market consensus provided by the company, which projected revenue of £39.0 million and an adjusted pretax profit of £5.8 million.
Oxford Metrics attributes its robust performance to the exceptional first-half results, which the company sustained throughout the latter half of the year. This success was mainly driven by significant contributions from its engineering and life sciences divisions.
With a solid order book and a strong financial position, Oxford Metrics is well-positioned to pursue its strategic objectives of organic growth and mergers and acquisitions in the coming year. Although specific details were not provided, the company is optimistic about its prospects for fiscal 2024.
For more information, please visit www.oxfordmetrics.com.