LONDON (ShareCast) - Back office optimisation software company EG Solutions expects revenue and profits for the year to 31 January 2011 to be pretty much in line with market expectations.

Revenue should be about £5.1m, up from £4.2m the year before, while profit before tax should be £0.3m, up from £0.1m the year before.

The uplift in sales represents contract wins from both new and existing customers, with the company's South African business putting in a strong showing, with more than £1.2m of new business won over the fiscal year, up from £0.35m the year before.

Net cash at 31 January 2011 was £0.5m, up from £0.4m at 31 January 2010.

The company's pipeline of potential sales remains strong and it expects to benefit from recurring maintenance revenues and the sale of additional services and licences to new customers gained during the financial year ended 31 January 2011.

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