- Software development company Elecosoft said it expected that profit rose by a quarter in the first four months of the year even as revenue slipped owing to the impact from the Covid-19 pandemic.

For the four-month period ended 30 April 2020, pre-tax profit was expected to have increased by 25%, with revenue down 3% on-year.

Recurring maintenance, support and subscription revenue for the period were 6% higher than the previous year equivalent.

At 10:07am: [LON:ELCO] Elecosoft PLC share price was +3.5p at 80p

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