Sopheon expects annual profit significantly ahead of market expectations
Source - SMW
Software provider Sopheon said it expected to post an annual pre-tax profit significantly above market expectations.
Revenue for the year would be over $28m, up from $23m in 2016, and also comfortably ahead of current market expectations, Sopheon said.
The year-end cash position would be $9.5m, up from $4.2m a year earlier.
The volume of transactions in 2017 rose to 59 license deals, compared to 49 in 2016, and included the addition of three new software as a service customers.