LONDON (Thomson Financial) - Information management software company Infonic PLC said it expects its first-half revenues to be about 100 pct higher than the same period last year, higher than its expectations of a 50 pct rise, due to stronger than expected trading.

The company also said it maintained careful control of its costs and it expects to report positive EBITDA for the period.

Infonic said it will announce its results on September 28.

One to keep an eye-on especially if trading update provides improved forecasts but they must now have strong cash-flow to avoid further dilutions through placings.

IFNC up 14.29% today at 6.75-7.25

Looks like their trading update still expected to be good.

Bought in today as new forecasts released for FY09 estimate 2009 profits of over 3m and EPS 1.37p putting on forward PE <5 compared to sector average 30ish.
FY08 at EPS 0.95p is PE <7. Looking good with contracts in the bag, growth propects and imstituntional investment.

Results of EGM held today:

IFNC - EGM and trading update

sp currently at 7.0-7.75p

Commenting, Mark Thompson, Chief Executive of Infonic, gave the following update
on trading and recent Company appointments:


'The Company is pleased to inform shareholders that cash receipts in December
were in excess of 4m and the results for the year ended 31 December 2007 will
be marginally ahead of current market expectations. The Company anticipates
that it will announce its preliminary results for the year ended 31 December
2007 during the week commencing Monday 24th March and will give shareholders a
full update at that time.

We are pleased to have completed this fundraising under very difficult market
conditions and remain positive in terms of outlook. Demand for our products is
growing and we anticipate that this will continue to drive our organic growth.
Key to that organic growth has been our Group Head of Sales, David Hornsby, and
his team, whose focus and determination has been an absolutely essential element
in the translation of our products and strategy into practical, deliverable
sales. We are pleased to be able to invest further in the expansion of the
sales team.

no better day for good news hope they come out with the news today, anyone had any info on this ?

checked with the financial PR for the company - RESULTS OUT ON 31ST MARCH, MONDAY

fingers crossed, hope they are really good results

The Company is pleased to announce the following preliminary financial results:


Consolidated revenues for the period 8.8m (18 mths to 31.12.06: 6.4m)

Total value of contracts won during the period 16.2m (18 mths to 31.12.06: 6.9m)

Total value of annual recurring revenue at 31.12.2007 1.8m (18 mths to 31.12.06: 1.1m)

Revenue growth (versus 18 months to 31.12.2006) 37.5%

Revenue growth (versus 12 months to 31.12.2006) 49.2%

Increase in contracts won (versus 18 months to 31.12.2006) 134.8%

Gross margin 93.6% (18 mths to 31.12.06: 90.5%)

Operating profit before depreciation, amortisation & exceptional 2.0m (18 mths to 31.12.06: -2.4m)
costs

Adjusted earnings per share 0.9p (18 mths to 31.12.06: -3.2p)