Proactis Holdings Plc (LON:PHD) CFO Tim Sykes talks to DirectorsTalk about its latest trading update for the six months ended 31 January 2017. Tim explains the key drivers behind a 36% year on year increase in revenues, provides an update on the company’s fith acquisition ‘Millstream’, provides an update on the supplier commerce initiative and summarises the Proactis’ delivery within the short period against the longer term story.
PROACTIS Holdings Plc creates, sells and maintains specialist software which enables organisations to streamline, control and monitor all internal and external expenditure, other than payroll. It is used in approximately 800 organisations around the world from the commercial, public and not-for-profit sectors. The company is head quartered in Wetherby, West Yorkshire. It develops its own software using an in-house team of developers and sells through both direct and indirect channels via a number of Accredited Channel Partners. The Company expects to report its interim results on 26 April 2017.