NEWS4 June 2010

Alterian posts revenue and profit growth despite contract deferments

Financials UK

UK— Marketing and analytics software firm Alterian has posted a 14% increase in revenue to £38m for the year ended 31 March.

Adjusted operating profit was up too, by 28% to £7.7m. “This was an encouraging result following the deferment of certain UK contracts at the end of the third quarter,” said CEO David Eldridge (pictured).

The firm listed the $4.1m acquisition of Techrigy, a social media monitoring and analytics company, as one of its highlights of the year, as was the deal with SocialEyez to adapt its SM2 social media monitoring tool for the Arabic market.

Looking ahead, Eldridge said: “While the general economic climate remains challenging, we have entered the new financial year with a relatively strong pipeline.”