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Ideagen plc

Ideagen still hungry after ten years of profits growth

Software group Ideagen plc (LON:IDEA) has posted higher profits for the tenth year running and Ben Dorks, chief executive, explains to Proactive why this trend should continue.

Quality, risk and compliance have moved on from just box-ticking exercises to being able to provide a real tangible benefit to a business, he explains.

Ideagen has an impressive blue-chip client list, which helped revenues rose by 29% but Dorks was even more pleased with the improvement in recurring revenue, which accounted for 67% of that total and is rising to 73% this year.

Acquisitions have added to the momentum and more are on the cards, he adds, as they are a great way to extend Ideagen’s sales reach.

Quick facts: Ideagen plc

Price: £1.44

Market: AIM
Market Cap: £315.42 m
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