Sunday, 17 May 2015

Anite trading update

Anite plc

Anite is a global provider of hardware and software solutions, systems integration and managed services within its core markets of Wireless and Travel. I have a holding in my growth portfolio (epic code: AIE).

Anite released a positive trading update on 12 May, stating that trading in the final quarter was in line with expectations and expects to report full year revenue and adjusted operating profit in line with expectations. 

They also stated that net cash at 30 April 2015 stood at £36.9m (31 October 2014: £29.8m) slightly better than expected.

Another positive announcement was released on 14 May stating that China Telecom has selected Anite's interoperability and performance test solution - SAS - for LTE data throughput testing.  China Telecom will use the solution as a key part of its LTE device acceptance programme.  

These two positive announcement left Anite's share price up 6.4% on the week at 91p.


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