Touchstone Group Plc, the Hertfordshire, UK-based financial software and services company, is planning a push into e-business and customer relationship management software with the technology it acquired with two recent take-overs. Chairman Philip Birch brushes aside talk of a Y2K slowdown and says that the company has a healthy order book.
In the six months to September 30, net profit rose 50.9% to 468,000 pounds ($753,480) on revenue 37.1% higher at 4.8m pounds ($7.7m). Earnings per share rose 42.2% to 4.75 pence.
Touchstone, which has a 1,100-strong client base for its midrange accounting software, is on the lookout for further acquisitions. The company says that first half demand for consulting and support services was particularly strong with revenue increasing 55%.
