Full Year Trading Update (1056G)

TIDMALL

RNS Number : 1056G

Allocate Software PLC

26 June 2012

ALLOCATE SOFTWARE PLC

("Allocate" or "the Company")

Full Year Trading Update

Allocate Software (AIM: ALL), the leading provider of workforce and compliance optimisation solutions, announces an update on trading for its financial year ended 31 May 2012. The Company's final results will be announced in the week commencing 30 July 2012.

Highlights

-- Strong financial performance in the year with results expected to be in line with market expectations.

-- Healthcare had another successful year securing new customers across the NHS, in the UK private healthcare sector and overseas.

-- Completed two acquisitions in the financial year: Zircadian in the UK and RosterOn in Australia. Both performed in line with expectations and the cross-sell of different products into the customer base is beginning to yield encouraging results.

-- Defence had a record year, with major contract wins worldwide including the multi million pound agreement with the Australian Defence Forces.

Healthcare

Because of the drive in the NHS for efficiency and cost savings, market appetite for the Allocate application suite with its proven ROI remained strong, with new customers, new products, licence renewals and extensions. HealthRoster, our e-rostering product, retained its strong competitive position and was selected in the majority of all competitive tenders in the UK during the fiscal year.

The release of v10, the fully web-based version of HealthRoster with multi-language capability, positions this product well for further internationalisation. Our Swedish business, Time Care, has again performed well and met expectations as it has now done every year since acquisition. HealthRoster will be available in Swedish as the first internationalisation of HealthRoster in the coming months.

Leveraging acquisitions - the integration of HealthRoster and the Zircadian products with the rest of the Allocate suite of products provides customers with an end to end solution from planning to scheduling of the medical workforce. In addition, the integration of HealthRoster and the RosterOn product has created a bespoke leading employment awards interpretation engine for the Australian market. The broadening of our product range is creating significant cross-sell opportunities, in line with our strategy.

Defence

The Defence business achieved substantial growth and continued diversifying into other geographic regions, generating significant business from overseas. Highlights include:

-- Securing a multi-million pound licence contract with the Australian Defence Department extending the use of Defence Suite across the Army, Navy and civilians under military control.

-- Substantial additional Consultancy Services contract extension wins with the Royal Australian Navy, as part of their New Generation Navy programme.

-- Two new Consultancy Services contract wins in NATO within their Force Operations Group, and Special Forces HQ.

-- Extension of the UK Army Support contract to 2014

Maritime

-- Secured a new licence agreement with McDermott Inc, a major US offshore engineering company, the third in this sector

-- Completed a major Maritime Suite implementation to support SubSea7's global Offshore Oil Services operations

Ian Bowles, Chief Executive Officer of Allocate commented: "Despite the global economic environment and the macro economics of UK government spending we have executed well in our industry sectors and I am delighted with the performance of Allocate this year, particularly in the second half.

"2012 was our sixth consecutive year of record revenue. This consistency of execution, I believe, demonstrates a balance across our business, both in terms of vertical markets and geographical focus, which speaks well to our plans for significant growth over the next three to five years. I am very pleased with this year's performance and look forward to Allocate's continued success in the next financial year".

Enquiries:

 
 Allocate Software plc                   Tel: [phone] 
  Ian Bowles - Chief Executive Officer 
  Chris Gale - Chief Financial Officer 
  Martin Jeffries - Marketing Director 
 Numis Securities                        Tel: [phone] 
  Nominated adviser - Michael Meade / 
  Simon Willis/ Richard Thomas 
  Corporate Broking - James Black 
 Gable Communications                    Tel: [phone] 
  Justine James / John Bick               M: [phone] 
 

About Allocate Software plc

Allocate Software plc is the leading workforce optimisation software applications provider for world-wide organisations with large, multi-skilled workforces. With a blue chip client base spanning the public and private sector, its key vertical markets include: Healthcare and Defence.

At the core of the business is Allocate's workforce optimisation software, which organisations use to deploy the right people with the right skills, to the right place at the right time. Headquartered in London, Allocate provides services and support to its increasing international customer base through regional offices in the UK, Sweden, USA, Australia and Malaysia.

Allocate is quoted on the London Stock Exchange (AIM: ALL). For further information please visit www.allocatesoftware.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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