Source - RNS
RNS Number : 8849M
StatPro Group PLC
19 October 2016
 

19 October 2016

 

StatPro Group PLC

 

Q3 trading update

 

StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the cloud-based portfolio analysis and asset pricing services provider for the global asset management industry, provides a trading update for the nine months ended 30 September 2016. 

 

Revenue and profits continue to be in line with the Board's expectations for the year.

 

In the 12 months to 30 September 2016, Annualised Recurring Revenue ("ARR") for StatPro Revolution, the cloud-based portfolio analysis service, grew by 81% to £14.7 million (September 2015: £8.2 million at constant currency), including the contribution from Investor Analytics' cloud-based risk service, acquired in January 2016.

 

StatPro Revolution as a percentage of Group ARR increased to 39% (September 2015: 25% at constant currency).

 

StatPro successfully launched the major expansion of its Revolution platform with the cloud-based performance measurement service, StatPro Revolution Performance, in September.

 

Justin Wheatley, Chief Executive, commented:

 

"Although StatPro Revolution Performance was only released on 28 September, one of our beta clients, National Australia Bank, has already gone live with eight of its clients on the platform. 

 

"We are delighted by the reception that Revolution Performance has received from clients, prospects and industry specialists following its recent launch and subsequent marketing events around the world."

 

Enquiries:

 

StatPro Group plc

 

 

Justin Wheatley, Chief Executive

 

+44 (0) 20 8410 9876

 

Andrew Fabian, Finance Director  

 

 

 

 

 

 

 

Panmure Gordon - Nomad and Broker

 

 

 

Corporate Finance - Freddy Crossley / Fabien Holler

 

+44 (0) 20 7886 2500

 

Corporate Broking - Tom Salvesen

 

 

 

 

 

 

 

Instinctif Partners

 

 

 

Adrian Duffield / Lauren Foster

 

+44 (0) 20 7457 2020

 

 

About StatPro

 

StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group's cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro's clients increase assets under management, improve client service, meet tough regulations and reduce costs.

 

The Group's integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.

 

StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £36 million at the end of June 2016. The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 38 countries around the world. Approximately 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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