Source - SMW
RedstoneConnect said its trading for the six months to July 31 continued to be strong, with the business performing in line with expectations.

"The Company has seen continued progress against the Board's strategic objectives in the period with robust levels of new business enquiries from both new and existing customers for a combination of IT networking projects and the Company's newer smart building software solutions," it said.

"This progress is further evidence of the evolving dynamics of the RedstoneConnect financial model as management focus on building the Company's recurring revenue base whilst growing margins," it said in a statement.

"In the first six months of the current financial year, the Company continued to develop its suite of software solutions for smart buildings and commercial spaces with the expectation that these will provide the Company with an increased flow of annuity based revenues in the future."