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Instem PLC

Instem eyes further growth following upbeat results

Phil Reason, CEO of Instem PLC (LON:INS.L) said the company will continue to focus on growth after a pleasing year for Instem in addition to considering “complementary acquisition targets”. Reason talks to Proactive London about the publication of Instem's full-year results, which showed turnover grew 8% to £22.7mln; around a quarter of that number coming in the form of higher-margin, recurring software-as-a-service (SaaS) revenues. News here too on growth in Asia Pacific markets and technology-enabled outsourcing services pushed by Instem this year.

Quick facts: Instem PLC

Price: £3.70

Market: AIM
Market Cap: £60.3 m
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Instem seeing all clients place orders as healthcare market stays buoyant

Phil Reason, chief executive of healthcare AI software group Instem PLC (LON:INS), says business was strong across all areas of the group in the first six months of 2019. Even a change from licences to a SaaS or pay-as you-use model has gone smoothly, he says, with cash inflows strong...

on 26/7/19

2 min read

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