Healthcare software specialist iSoft was in confident mood yesterday after it saw firsthalf trading in line with market expectations.
As in previous years, iSoft said it continued to see major seasonality in trading, with revenue and operating cashflows geared to the second half of the financial year ending on April 30 next year.
"The split of full year revenue between the first and second halves is expected to be similar to that seen in the last financial year," the firm, which has its largest office on Aston Science Park, said in a statement.
Analysts said this was because public sector procurements were clustered around fiscal year ends, generally December, in the case of continental Europe, and April in the UK, both of which fall outside iSoft's first-half.
The market is expecting the company to report on average annual underlying earnings per share of 24.58 pence on revenues of £295.7 million.
Chief executive Tim Whiston said iSoft continued to make progress in developing opportunities for new revenue streams in existing and new overseas markets. The firm needs to expand internationally to drive future revenue.
ISoft has previously said it was evaluating several major sales opportunities in the Asia- Pacific region and Europe, and was looking at North America in detail.
It received a major boost last year after it was selected for a multi-billion pound project to upgrade National Health Service systems.
"We continue to focus on delivery of our NHS National Programme for Information Technology contracts in England," Mr Whiston added.
ISoft reports its half year results on December 8.