TIDMILX
RNS Number : 8562X
ILX Group PLC
24 August 2009
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ILX GROUP PLC
BEST PRACTICE CONTINUES TO GROW
ILX Group plc ("ILX" or "the Company"), the AIM quoted provider of e-learning
software and business training to both the private and public sectors, announces
that its operating division Best Practice has had a successful start to the
financial year, building upon last years strong performance.
The division has seen continued revenue growth in the year to date, driven by
increased sales of e-learning software which have grown by approximately 25%. It
has secured a number of valuable new contract wins across a broad range of
sectors, as well as continued high levels of repeat business from existing
customers.E-learning revenues account for approximately 45% of total Best
Practice's turnover in the year to date compared with approximately 39% for the
year ended March 2009.
The new client wins are for PRINCE2 and MSP training using E-Learning and
Blended Learning, Project and Programme Management training for clients across a
broad range of sectors, including construction, retail, local government and
breweries.
Ken Scott, Chief Executive, ILX Group plc commented:
"Best Practice has continued to build on the momentum developed last year. This
will to some degree help to offset the contraction in the investment banking
market serviced by the Company's CTG/Finance division, which, despite the
adverse conditions, is still performing well.
The recent accounts won by Best Practice are all 'blue chip' and confirm that
the development work done on e-learning and the delivery of our products via a
range of methods, including mobile devices, is paying off. We have a technical
lead in this area and we are looking to further strengthen our market position."
24th August 2009
For further information, please contact:
+------------------------------------+------------------------------------+
| ILX Group plc | 020 7751 7100 |
+------------------------------------+------------------------------------+
| Ken Scott, Chief Executive | |
+------------------------------------+------------------------------------+
| Arbuthnot Securities Limited | 020 7012 2000 |
+------------------------------------+------------------------------------+
| Tom Griffiths | |
+------------------------------------+------------------------------------+
| Lothbury Financial | 020 7011 9411 |
+------------------------------------+------------------------------------+
| Michael Padley / Chris Price | |
+------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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