StatPro Group PLC Q3 trading update (8849M)

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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 GBP14.7 million (September 2015: GBP8.2 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         [phone] 
  Executive                                9876 
 Andrew Fabian, Finance 
  Director 
 
 Panmure Gordon - Nomad 
  and Broker 
 Corporate Finance - Freddy     [phone] 
  Crossley / Fabien Holler                 2500 
 Corporate Broking - Tom 
  Salvesen 
 
 Instinctif Partners 
 Adrian Duffield / Lauren       [phone] 
  Foster                                   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 GBP1 million in 1999 to around GBP36 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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October 19, 2016 02:00 ET (06:00 GMT)