View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 1, 1999

Terence Chapman Predicts “Good Year” Despite Y2K

By CBR Staff Writer

London, UK-based financial sector IT services and software company, Terence Chapman Group Plc (TCG), forecasts a good year ahead after producing its first annual figures since its initial public offering in July. In the year to August 31, net profit rose 34.1% to 3m pounds ($4.9m) on revenue up 46.8% at 30.6m pounds (50.4%). Net earnings per share rose 35.5% to 5.45 pence.

While as forecast, its TCA Consulting arm has been hit by Y2K uncertainty, the company says there is evidence of significant client spending plans post-millennium. It is working with several clients on areas such as e-commerce and CRM software. Revenue last year rose 52% to 19.5m pounds ($32.1m).

The TCA Synergo operation, which markets its proprietary TAROT software to stockbrokers and fund managers, increased revenue 38% to 11.3m pounds ($18.6m) and increased operating profit by 40% to 1m pounds ($1.6m). Later this month, TCG is launching a major upgrade TAROT2000 which it feels will strengthen its position as the leading provider of software and services in its field.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU