Evesham software group Misys saw its shares gain yesterday after the company revealed it remained on track to meet growth and margin targets.
As well as a 70 per cent rise in third quarter revenues to £193?million, Misys said total order intake doubled to £121?million as a result of organic growth, the impact of a merger in its healthcare arm and currency movements.
Misys employs 6,000 people worldwide and is a market leader in banking and capital markets, with all of the world’s top 50 banks among its customers.
Despite the turmoil in the sector, Misys said its emphasis on value for money products and services helped banking like-for-like revenues grow by two per cent to £41?million in the third quarter.
Shares rose 12 per cent following yesterday’s update.