IDOX (AIM: IDOX) – mildly disappointing results, but remaining highly cash generative.
Revenue remains unmoved from the previous year at £29.6m, although public sector revenue increased 14% to £22.5m. This increase was largely driven by the UK general and local elections, as IDOX delivered services to 25% of councils across the UK. Elections business continues in the second half of the financial year, as they have been appointed to offer software services during the Norwegian elections taking place later this year. The Group also added further software…
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