D4T4 Solutions PLC Half-year Report - six months to 30 September 2018 (5506I)

TIDMD4T4

RNS Number : 5506I

D4T4 Solutions PLC

27 November 2018

D4t4 Solutions Plc

(the "Company, "Group" or "D4t4")

'ALL ABOUT THE DATA'

Half-year results for the six months ended 30 September 2018

"The first six months of the year have continued our acceleration into the data platform software space, this combined with our private cloud data platform solutions has enabled us to deliver strong growth during the first half. This marks a return to a more normal trading cycle following the unusual (H2 weighted) business phasing seen last year. Overall, our business is in a good position and together with a strong pipeline of opportunities makes this an exciting time for the group and we look forward to the rest of FY19 with a high degree of confidence."

Peter Kear CEO D4t4 Solutions

Tuesday, 27 November 2018: Specialists in Data solutions, D4t4 Solutions Plc (AIM: D4T4) announces its unaudited half-year results for the six months ended 30 September 2018.

 
 Key highlights: *                                   Six months ended 30 September 
                                                         2018             2017 
-------------------------------------------------  ---------------  --------------- 
      Ø Group revenue**                          GBP13.99m         GBP4.75m 
      Ø Gross profit ***                          GBP7.13m         GBP2.08m 
       Ø Gross profit margin                       50.98%           43.76% 
      Ø Group adjusted pre-tax (loss)             GBP3.35m        GBP(0.38)m 
       / profit *** 
      Ø Adjusted EPS ****                          7.37p           (0.57)p 
      Ø +12% uplift in the interim dividend         0.7p            0.625p 
      Ø Net cash position                        GBP12.06m         GBP3.92m 
      Ø Net current assets                        GBP8.53m         GBP4.48m 
 

* The trading performance reported in this statement is based on unaudited management accounts

** Includes an IFRS15 adjustment of positive GBP1.67m

*** Includes an IFRS15 adjustment of positive GBP1.08m

**** Adjusted for amortisation of acquired intangibles, share based payment charges and foreign exchange gains

 
      Ø The first half saw a return to a more normal trading 
       cycle following the unusual (H2 weighted) business phasing 
       seen last year 
      Ø Our strategic partnerships have moved forward, and 
       we have strengthened our relationships with Teradata, Pegasystems, 
       SAS and Dell Technologies 
      Ø This first half introduces our new segmental reporting 
       based on providing more insight into the group's business 
       mix, we also see the introduction of IFRS 15 based reporting 
      Ø We continue to have a strong balance sheet with half 
       year net cash standing at GBP12.06m (31/03/18: GBP3.92m) 
      Ø With the contracts forecast to close before the year 
       end, recent new business wins and the depth and quality of 
       prospects identified for both our hybrid data platform solutions 
       and software licence sales, the Board remain confident that 
       the business will achieve a solid finish to the financial 
       year 
 

To read the Half-year report in full, please follow this link:

http://www.rns-pdf.londonstockexchange.com/rns/5506I_1-2018-11-26.pdf

Copies of the report will also be made available on the Company's website: www.d4t4solutions.com/investor-relations/

 
 ENQUIRIES: 
 
 D4t4 Solutions Plc 
  Peter Kear, Chief Executive Officer 
  Carmel Warren, Chief Financial Officer 
  Tel: [phone] 
  email: [e-mail] 
 finnCap (Nominated Adviser & Broker) 
  Julian Blunt/Emily Watts - Corporate Finance 
  Alice Lane - ECM 
  Tel: [phone] 
 
 TooleyStreet Communications (IR & Media Relations) 
  Fiona Tooley: 
  Tel: [phone] 
  email: [e-mail] 
 
 
 EDITOR'S NOTE 
 
 D4t4 Solutions Plc - 'ALL ABOUT THE DATA' 
 
  We operate within North America, Europe and Asia employing 128 staff 
  and servicing clients in over 21 countries and, our data capture software 
  is running on more than 25,000 websites. 
 
  Our people and intellectual property combine to create four core capabilities: 
  (see page 6 of the attached pdf report) 
  http://www.rns-pdf.londonstockexchange.com/rns/5506I_1-2018-11-26.pdf 
 
  v Data Capture software (Celebrus) and skills 
  v Data Management based facilities and skills 
  v Data Analytics capabilities, solutions and skills 
  v Data Platform solutions that are on premise or in the cloud and combine 
  hardware, software and services. 
 
  At D4t4, we are energetically focused on solutions that enable clients 
  who operate from within the financial services sector and consumer facing 
  organisations to get the most from their data. From capture, through 
  to management and analysis, we provide comprehensive products and services 
  that drive value from our clients' information assets. 
 
  We are accredited to ISO27001: Information Security Management Standard 
  and PCI Data Security Standard. 
  To find out more, visit www.d4t4solutions.com 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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November 27, 2018 02:01 ET (07:01 GMT)