Strategic Thought Group, provider of enterprise risk management solutions and integration solutions consultancy, has reported that ARM license sales were GBP1 million for the six months ended 30 September, 2007, a 121% rise compared to GBP0.4 million in the corresponding period of 2006.
STS revenues were GBP4.1 million, up by 9% from GBP3.7 million in the corresponding period of 2006. Group revenues were GBP6.1 million, up by 14% compared to GBP5.3 million in the same period of 2006. Loss before interest, tax, impairment and share based payment charges (LBIT) were GBP0.8 million against GBP0.4 million in the same period of 2006.
Peter Morgan, chairman of Strategic Thought Group, said: Following the appointment of Martin Metcalf as CEO in June, considerable progress has been made in getting to grips with the business basics and laying the foundations for the future. Encouraging results are starting to show and it is pleasing to report an improvement in license sales of our core product, ARM, our enterprise risk management solution.