Coventry IT group Sanderson has reported a six per cent increase in its adjusted operating profit for the full year.
The group also said that it was well positioned for further growth after making a good start to the new year.
The software company's operating profit before amortisation and share-based payments rose to £3.47 million from £3.28 million, as revenue went up 14 per cent to £18.17 million.
Pre-tax profit declined to £1.94 million from £2.16 million as a result of a £300,000 increase in the charge for the amortisation of acquisition-related intangibles.
Total dividend for the year increased by four per cent to 2.7p a share from 2.6p earlier, after setting a final dividend of 1.55p.
The group provides a wide range of software-based systems to the manufacturing and multi-channel retail markets.
These consist of its own software together with third party products, which are installed and supported directly by Sanderson staff.
Sanderson strengthened its presence in the multi-channel retail market by acquiring the Elucid business in February and Retail Business Solutions Group in September. The multi-channel retail business now accounts for 63 per cent or £11.5 million of group revenue - an increase of 35 per cent on the previous year.
Sales to new multi-channel clients in the year grew by over 50 per cent compared with the previous year and included new clients such as Group 4 Securicor Sweden and the Royal Botanical Gardens, Kew.
The company said growth of online sales continued to generate activity within retail, e-commerce and mail order businesses, while increasing security requirements for retailers has further increased demand.
Chairman Christopher Winn said: "This has been a year of significant progress for the group, with a strong second half year trading performance and two further acquisitions which considerably strengthen the group's position as a leading supplier to the multi-channel retail market.
"Following the acquisitions, the enhanced Sanderson presence in the multi-channel retail market and the expanded range of products and services provides improved opportunities for both cross-selling within the extended customer base and securing new business.
"The group is well positioned for further growth."