LONDON (ShareCast) - Scanning software specialist Dicom saw interim figures come in slightly ahead of last year and said it remains confident of achieving 10% revenue growth in constant currency terms in its software business.
Turnover for the half year rose 5% to £82.4m, with software licence turnover up 4% and software services up 18% in constant currency terms.
Pre-tax profits increased 1% to £6.1m, while the interim dividend has been raised 15% to 0.82p.
Strong growth in services offset lower than anticipated growth in licenses, which together contributed to gross margin increasing to 55.9% from 54.6%.
“The board remain confident that we will be able to continue to achieve 10% revenue growth in constant currency terms in our software business, with a higher than expected contribution from software services offsetting lower growth in software licenses during the remainder of this fiscal year,” said chief executive Reynolds Bish.
“More importantly, despite an uncertain economic environment at the present time we remain enthused about DICOM's market opportunities and continue to target double digit revenue growth in our software business in future years,” he added.
The group said it will propose to change its name to Kofax.
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