Singer Capital Markets issued an upbeat note on Advanced Computer Software Group PLC (LON:ASW), following the on healthcare and commercial sector-focused IT group’s trading update ahead of interim results.
Singer said the update shows a management team delivering against expectations despite general concerns on public sector spending.ACS expects to report first half revenues to be in line with market expectations and adjusted EBITDA to be ahead of expectations.
Revenues for the half year ended August 31 2010 are expected to rise to £47.3 million from £11 million a year earlier and the EBITDA figure is expected to be no less than £12 million, up from £3 million in the previous year.
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