Birmingham software company Sirius Financial Solutions had an upbeat message for investors when it made its latest trading statement.
The company, which services the insurance industry, said it had continued to make further progress across all its targeted areas in the first six months of the year and expects to report sales growth and improved profitability when it reports its first half results later in September.
In its insurance broking business, sales for its new online managed service Sirius 21 have gathered momentum since its launch in January.
Forty brokers having signed up to Sirius 21, 25 of whom are already live, the statement said.
Sirius also said it made " excellent progress" towards its aim to make 2005 a record year for the sale of its S4I software for insurance companies, with seven orders confirmed in the period.
It has seen sales in each of its target markets of the United Kingdom, the United States, Australia and Africa.
The company also said that its wholly owned offshore development centre in India, which it opened in 2004, had begun to make a positive contribution.
" Overall, the board expects to report sales growth and improved profitability for the first half of 2005 when it announces interim results in September," the statement concluded.
In 2004 Sirius, which employs about 200 people at Birmingham Business Park, made an operating profit of £1.4 million compared with £400,000 the year before on sales which were 5.7 per cent up at £21.7 million.
