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Instem eyes further growth following upbeat results

Phil Reason, CEO of Instem PLC (LON:INS.L) said the company will continue to focus on growth after a pleasing year for Instem in addition to considering “complementary acquisition targets”. Reason talks to Proactive London about the publication of Instem's full-year results, which showed turnover grew 8% to £22.7mln; around a quarter of that number coming in the form of higher-margin, recurring software-as-a-service (SaaS) revenues. News here too on growth in Asia Pacific markets and technology-enabled outsourcing services pushed by Instem this year.

Quick facts: Instem PLC

Price: 503 GBX

AIM:INS
Market: AIM
Market Cap: £103.02 m
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Instem PLC has 'significant capital' to accelerate acquisition strategy...

Instem PLC's (LON:INS) Phil Reason tells Proactive London's Andrew Scott he's pleased with its first-half trading. He says the number's were in line with forecasts and momentum has continued into the second half. Revenues for the six months ended June 30, 2020, were up 20%, or 12% on a...

2 weeks, 1 day ago

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