StockMarketWire.com - Data analytics company Ixico said it expected full-year revenue and earnings to be 'materially' ahead of market expectations amid strong growth in the second half of the year.
'Given the performance in the period to date, the Board anticipates that the results for the full year ending 30 September 2019 will be materially ahead of current market expectations,' the company said. Growth had been accelerated by new and expanded contracts coming on line, deployment of newly developed algorithms and faster turnaround times in trial initiation, the company said.
The company confirmed that it anticipates the improved revenue performance would drive additional operating leverage, building on the breakeven position reported at the half year.
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