Dillistone Group trading update

Dillistone Group Plc is a leading global provider of software and services to recruitment firms and recruiting teams within major corporations. I have a holding in my growth portfolio (epic code: DSG).

Dillistone issued a confident trading update yesterday, with some very positive news on their new product FileFinder Anywhere, launched in September 2014. 

 

Since the launch of FileFinder Anywhere the Dillistone Systems division has seen an improvement in incoming orders. Total order intake in quarter 4 of 2014 was more than 20% up on both quarter 4 of 2013 and on the average of quarter 1 to quarter 3 2014.  The Division enters 2015 with an implementation pipeline which is approximately 20% up on the equivalent date in 2014 and, has been further supplemented in January 2015, by the award of the largest mainland European new business contract that the Division has won since 2007.

 

The Voyager Software division also enjoyed strong orders for quarter 4, being the best single quarter for new business sales since 2007.

 

Managements expectations for the full year (pre acquisition related items) will be similar to that delivered in 2013 and in line with their guidance given at the time of their interims commented on here.

The share price responded well, up 12.7% to 102p, back to the level it was before the interim announcement on September 30.