StockMarketWire.com - Financial services software provider Brady said Monday it expected to generate revenues of £23m, broadly in line with market expectations.

For the year ended 31 December 2018, the company expected to generate revenues of approximately £23m with recurring revenues accounting for about 70% of overall revenues.

Adjusted earnings (EBITDA) was expected to come in at around £2.6m for the year. Net cash at the year end was £4.6m, up from £4.4m net cash a year earlier.

The outlook for the company in 2019 continued to be 'positive as we look to benefit from the groundwork laid not just during 2018 but also in previous years,' Brady said.

'We have made substantial progress in evolving our technology solutions and have extended the scope of the value proposition we can deliver to our customers,' it added.




At 8:50am: [LON:BRY] Brady PLC share price was 0p at 59.5p



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