Sanderson sales and profits up

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Software and IT services group Sanderson has reported 20 per cent revenue growth, a 50 per cent rise in orders and good contributions from two companies it bought - prompting the board to predict “significant progress” for the rest of the year.

The group, which specialises in multi-channel retail and manufacturing markets in the UK and Ireland, said its results for the six months to March 31 will show revenue growing to just over £7.90m, compared with £6.37m for the same period last year.

Profits rose by more than 20 per cent to £1.2m

Sanderson, which has an operation in Sheffield, has orders worth more than £2.46m, up more than 50 per cent compared with last year with orders for mobile and ecommerce accounting for more than 30 per cent of total orders during the period.

The company bought Catan Marketing in August last year and One iota, a provider of cloud-based retail solutions, in October and both had made a positive contribution.

Sanderson will report a cash balance at the end of the period of just over £5m in its interim results.