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FFastFill revenues up 3%



19 November 2009 @ 08:48 am BST

First half revenues at software as a service provider FFastFill rose 3% to 7.04m.

SaaS revenues rose 27% to 5.11m and the 12-month SaaS order book increased to 10.51m - up from 8.95m.

The firm posts an operating profit of 0.5m compared with a loss of 0.4m last time and a strong cash position with 3.1m at 30 September - up from 2.2m at the end of March.

Executive chairman Keith Todd said the firm's robust performance was delivered in a market recovering from the financial storms of 2008 and resulted from the strength of its SaaS business model and the effect of the cost saving.

Hed added: "With renewed stability and confidence returning to our markets, we are cautiously optimistic that will be able to continue to grow strongly."

Story provided by Business Financial Newswire

© 2009 BFNNews.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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