Financial Highlights:

• Sales up 49% to £3,691,000 compared to £2,475,000 for H1 2008
• Recurring maintenance revenues up 38% to £1.4 million compared to £1.0 million for H1 2008  
• Operating profit up 706% to £274,000 compared to £34,000 for H1 2008 and profit before taxation up 42% to £309,000 compared to £218,000 for H1 2008 in spite of significantly reduced interest income earned from cash balances
• Earnings per share up 31% to 0.80 pence per share compared to 0.61 pence per share for H1 2008
• £5.8 million of net cash as at 30 June 2009 (equivalent to 21 pence per share) after  investing activities totalling £2.0 million in the period and £6.2 million of cash resources as at 31 August 2009 (equivalent to 22 pence per share)
• Successful integration of Comsoft acquisition
• Three significant new contracts signed in H1 of 2009 compared to one significant new contract in H1 2008
• Seven more clients have reached project acceptance or have gone live