PROACTIS Announces Interim Results for the Six Months Ended 31 January 2012

PROACTIS Holdings PLC, the specialist Spend Control software provider, is today issuing its interim results for the six month period to 31 January 2012.
Key Points
  • Reported revenue increased by 22% to £3.7m (31 January 2011: £3.0m)
  • Reported operating profit increased to a profit of £124,000 (31 January 2011: loss £208,000)
  • Cash generative and strong balance sheet with cash balances of £2.3m (31 July 2011: £2.1m)
  • Total Initial Contract Value signed on new deals was £1.8m (31 January 2011: £1.5m)
  • Annualised contracted revenue increased to £4.3m (31 July 2011: £4.0m)
  • Total contracted, deferred multi-year revenue increased to £4.7m (31 July 2011: £3.8m)
  • Deal activity is buoyant with 15 new name deals and continued strong customer loyalty with 34 upgrades in the period
  • Uptake of multi-year, transactional priced Cloud/SaaS solutions is in line with expectations - 5 new customers including Cancer Research UK and Kingfisher
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