Plenty of promise in these results and updates
Results and updates covered here include those from a provider of IT services whose shares look cracking value at current levels, but is there a catch? Find out more in our free update here.
Idox: trading in line Idox (AIM: IDOX), the leading supplier of specialist information management software and solutions to the public sector, reassured in its trading update covering the financial year to the end of October. Revenue from continuing operations rose 8% to £62.0m of which recurring revenue rose 2% to £36.4m, equivalent to 59% of the total. It would be good to get further clarity from what the balance of revenue, which is not recurring, is derived. Adjusted EBITDA rose 12% to £19.3m with net debt at the period end only £8.1m (2020: £16.1m). Having disposed of its of Content…