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IS Solutions – ISL Jumps 35% on Trading Update

IS Solutions ISL is in the fast growing market for business intelligence software and analytics. Its share price has been steady having reached 55 p in early September 2014 and having closed last night at 52p.  Following this morning’s trading update the shares opened at 60p and then surged to 70p., a rise of 35% which they have maintained throughout most of the day..

The strong performance which ISL has been delivering will see current year revenue ahead of market expectations and profitability will significantly exceed current expectations, for the year to the end of March 2016. ISL intends to resume payment of an interim dividend.

The integration with Celebrus which ISL acquired at the beginning of the year has gone well, strong demand for ISL’s analytics has resulted in sales being well ahead of budget, two major contracts have been obtained from customers in the financial services sector and a US office is also due to be opened.

In todays volatile markets ISL may or may not maintain all of today’s re-rating but it should certainly be worth keeping an eye on and any retrace may represent a good buying opportunity.

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