Imaginatik Soars On Bright Outlook
November 09 2015 - 11:51AM
Dow Jones News
By Rory Gallivan
LONDON--Shares in Imaginatik PLC (IMTK.LN) soared Monday after
it the business consultancy and software group said it expects to
report a reduced loss for the six months ended Sept. 30, helped by
contract renewals and new customer wins.
The company predicts a 33% increase in revenue to 1.96 million
pounds ($3 million), which will reduce the half year losses to
around GBP0.41 million from GBP0.7 million the previous year, it
said.
Imaginatik, which provides software to help staff share ideas
and analytics tools, said it renewed 14 out of 17 contracts
available for renewal during the period, and won new clients
including drug group Eli Lilly & Co. (LLY) and airline Alaska
Air Group Inc. (ALK).
"The board is pleased with the progress Imaginatik is making,"
chairman Matt Cooper. "The quality of the client base is
outstanding for a company of our size and we are seeing pleasing
growth in new innovation consulting opportunities," he added.
Shares at 1611 GMT, up a penny, or 26.2%, at 7 pence valuing the
company at GBP5.6 million.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 09, 2015 11:36 ET (16:36 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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