Mediasurface Announces Market-Beating Performance
May 04 2005 - 4:00AM
Business Wire
Mediasurface has today announced a highly successful first six
months since floating on the Alternative Investment Market (AIM) in
August 2004, which coincides with financial results ahead of market
expectations. Group revenues for the first six months increased by
29% to GBP3.66 million (2004: GBP2.83 million). The Group achieved
a pre-tax profit of GBP0.14 million (2004: Pre-tax Loss GBP0.15).
Net assets stood at GBP1.67 million compared with GBP1.46 million
at 30 September 2004. Behind these headline numbers the company is
pleased to report that all of its revenues streams showed growth on
the same period last year with: -- licence sales up 36% --
consultancy and training up 44% -- recurring revenues on an
annualised basis up 11% from GBP1.72m to GBP1.91m During the last
six months, Mediasurface has closed 25 new deals, and signed its
biggest ever single deal to supply intranet-related services to
Citigroup's Corporate and Investment Banking group across EMEA. The
deal, worth in excess of GBP500,000 will contribute over GBP400,000
in this financial year. This represents a major win for the Company
and has considerable future potential. Other significant wins in
this period included new contracts with the Home Office and an
additional contract at Ofcom. Those deals, collectively worth in
excess of GBP400,000 in this financial year, further establish
Mediasurface as a key supplier to the Government sector. About
Mediasurface Mediasurface empowers the business user to build and
manage sophisticated content-driven websites. By providing business
users with easy to use software that combines an interactive,
graphical look and feel with industrial strength technology,
Mediasurface enables them to regain complete ownership of their
sites. This removes the burden of continually maintaining and
updating sites from IT departments, allowing them to refocus on
their core task of adding real business value. Mediasurface helps
organisations reduce the risks and costs involved in building and
running websites and other digital channels. It increases their
ability to keep pace with change and assures the quality of the
content published. An AIM listed company (ticker: MSR)
headquartered in Newbury, UK, with offices in the US and the
Netherlands, Mediasurface products and services have been
implemented to drive hundreds of web applications solutions for
customers across the United States and Europe. www.mediasurface.com
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