Anite Up On Strong Final-Quarter Performance

Anite  (LSE: AIE  ) -- a leading provider of software solutions to the international wireless and leisure travel industries -- released a trading update today, ahead of its final results, due on July 2, 2013.

The company says that trading in the final quarter was strong -- slightly ahead of predictions in its Q3 interim management statement -- and that it now anticipates pre-tax profit for the full-year at the top end of market expectations.

And while revenue will still be below expectations, Anite said that margins across all of its businesses continue to follow the positive trends seen in the first half of the year. Anite's share price is currently up over 5%.

Commenting on the update, Anite's chief executive, Christopher Humphrey, said:

The Group has capitalized on its growing pipeline of opportunities, resulting in a strong finish to the year. This has enabled us to achieve our full year target and I am pleased with the progress we have made throughout the year.

The opportunities for each of our businesses remain encouraging, particularly in Wireless. We continue to increase our total addressable market, both organically and, more recently, with the acquisition of the Propsim product line. The roll-out of LTE 4G is still at a relatively early stage and we now have additional drivers to sustain growth over the next few years.

Although it has recently dropped back some 25% from its high of mid-February -- a fall essentially precipitated by concerns over earning -- and, as a result, is now only 2% up on this time last year, Anite's share price remains 80% up over the past two years.

If you're looking for a great growth opportunity, you need to get hold of "The Motley Fool's Top Growth Share For 2013." Our top analysts are very excited by this innovative company.

What's its name? Get your copy of the free report now to find out!


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2421065, ~/Articles/ArticleHandler.aspx, 10/1/2014 12:56:17 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement