logo-loader

Advanced Computer reports another strong half

Published: 16:51 16 Sep 2014 AEST

hospital_emergency_350_5417df671ff76

Advanced Computer Software (LON:ASW), one of the providers to the NHS’s 111 emergency system, has reported another strong half with growth across all divisions.

In healthcare, demand was boosted by community care and mental care, where Advanced's systems are now preferred or implemented in ten community and mental health NHS Trusts.

Elsewhere, recent acquisition Computer Software was said to be returning to growth and had now also completed the largest contract in its history for Northern Ireland’s Department of Health.

Advanced 365, the managed services business, was boosted by cross-selling of Cloud-based products with its business services arm.

Overall, Advanced Computer expects revenues in the half year to August will be at least 9% higher at £108.1mln (£99.1mln), while underlying earnings (EBITDA) will rise by at least 14% to £25.3m (2013: £22.2m).

Vin Murria, chief executive, said: "We continued to see good growth in the first half year and are well positioned to maintain our progress, and deliver full year results in line with our expectations.

"A wide range of further growth opportunities exist for our products and services in both the public and private sectors, particularly in healthcare - where the use of technology as an enabler of efficiency savings remains key.”

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

12 hours, 35 minutes ago