Trading Update - eg solutions plc

Aug. 9, 2012 - PRLog -- eg solutions plc (“eg” or “the Company”; LSE-AIM: EGS), the back office optimisation software company, is pleased to issue a period-end trading update for the six months ended 31 July 2012.

The underlying strength of the back office optimisation market is reflected in the Company’s trading performance for the period, which was in line with management’s expectations.

During the period the Company continued to expand its user base, winning new contracts from existing and new customers, whilst implementing projects won towards the end of the last financial year.  In addition, the Company completed a number of pilot projects which achieved the anticipated benefit targets for clients.  These projects have potential for roll-outs which will benefit the Company’s financial performance for the full-year and beyond.

New business won for the eg operational intelligence® software suite during the period includes:

•   BGL Group, a new customer, for a total of 1000 back office and call centre users (announced in July);
•   a £340,000 contract from an existing enterprise client;
•   two pilot projects from an existing global financial services client; and
•   a roll-out for another existing global financial services client following successful pilot of the Company’s integrated software suite.

eg has recently entered into an OEM and partner agreement with Cicero Inc to provide the data capture functionality for eg operational intelligence®. The Cicero software replaces the failed component previously provided by another party.

Closed and contracted revenues for the full-year now exceed the full-year revenues for 2011 demonstrating the improved momentum expected on completion of the integrated software development work undertaken over the past 12 months.

The Company expects to announce interim results for the period on Wednesday, 19 September 2012.