RedstoneConnect “pipeline is second half weighted this year, with strong order book” Mark Braund, CEO

Mark Braund, CEO of RedstoneConnect LON:REDS, commented on todays Interims: “We are pleased with the progress made across our business in the first half especially in the development and deployment of our software solutions services, with trading in line with management expectations.

Whilst we anticipate our performance to be largely second half weighted this year, given our pipeline of work, new business momentum and strong order book, coupled with the additional services that we have added to our offering through the acquisition of A+K, we remain confident for the full year.”

RedstoneConnect (LON:REDS), a leading provider of technology and services for smart buildings and commercial spaces, is pleased to announce the following trading update ahead of reporting its interim results for the six-month period ended 31 July 2017. The Company is pleased with the progress made across the business in the first half, with trading in line with management expectations.

The Company’s Software Applications division continues to gain market traction, as demonstrated by the contract wins secured in the period, which have helped deliver solid growth for this division in the first half of the year. In addition, the Company has commenced the global roll out of OneSpace(TM) , its real estate management software platform, across UBM’s offices following the extension of its existing contract in the period. The Company’s Managed Services business has also had an encouraging start to the year.

The Redstone business is seeing strong levels of customer engagement with a good pipeline of new projects. Given the project-based nature of the work for Redstone, the contribution of revenue from this division will be more second half weighted than last year.

The acquisition of Anders + Kern U.L. Limited completed in May 2017 is now fully integrated into the Company and has provided RedstoneConnect with excellent complementary skill sets and has already made a positive contribution to the Company.

Interim Results

The Company will be announcing its interim results for the period ended 31 July 2017 on 10th October 2017.

 

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    RedstoneConnect Plc

    More articles like this

    RedstoneConnect Plc

    RedstoneConnect Change of Name & New Website Address

    RedstoneConnect (LON:REDS) today announced that all resolutions at its Annual General Meeting held today were duly passed. As a result, the Company confirms that as of 08.00 a.m. on 31 July 2018, its shares will trade

    RedstoneConnect Plc

    RedstoneConnect Achieves G-Cloud 10

    RedstoneConnect (LON:REDS) is delighted to announce that it has been successful in its bid to supply cloud hosting, software and support services through G-Cloud 10, the government’s procurement system that enables all public sector organisations to

    RedstoneConnect Plc

    Truly understand your space

    OneSpace Software encompassess a real-time reporting solution that enables you to closely monitor utilisation of meeting rooms and track usage. Reports can be effortlessly exported as excel or PDF enabling you to present statistics when you

    RedstoneConnect Plc

    Amsterdam Smart City

    During We Make The City innovation festival, Amsterdam Smart City and the City of Amsterdam released an app-based self-guided innovation tour which is available from the Apple Store and Google Play. It was officially launched by

    RedstoneConnect Plc

    Churchill Square a digital strategy around an app

    Brighton’s busy shopping centre, Churchill Square wanted an app for shopper, to improve their experience, add value, help with wayfinding, and deliver offers, promotions and discounts from the 80 retailers they housed. But behind the customer

    RedstoneConnect Plc

    RedstoneConnect Appoint Frank Beechinor as new CEO

    RedstoneConnect (LON: REDS), a leading provider of technology and services for smart buildings and commercial spaces, has today announced that Mark Braund, Chief Executive Officer of the Company, has notified of his intention to step down

    RedstoneConnect Plc

    Generation Y: is your office ready?

    By 2020, millennials will make up half the global workforce.  As they penetrate the corporate world, they will no doubt bring along their preferred communication methods to build a collaborative culture. Being raised in an era

    RedstoneConnect Plc

    Case Study: GOWLING WLG

    Crystal clear reception for law firm mobiles THE BRIEF Founded in 1834, Wragge & Co LLP became one of the UK’s largest real estate law firms. Following a series of successful mergers they now operate as

    RedstoneConnect Plc

    Can office tech improve the environment?

    That office printer may not look environmentally friendly, but it could be doing all of us a favour in terms of sustainable tech. Visit your local dump and it’s likely you’ll see a small mountain of