13 October 2014
Strong demand for big data platform boosts Fusionex
AIM-listed software firm Fusionex said full-year results will be “at least” in line with market expectations, helped by strong demand for its ‘GIANT’ solution.
The company, which specialises in business intelligence, analytics and ‘big data’, said it made “good progress” in the year to 30 September in securing new client mandates for its big data analytics platform, GIANT.
The business has also expended its geographical reach, particularly in the Asia Pacific region.
“Management remains confident that a combination of the group’s strong market position within the Asia Pacific region, significant sales momentum underpinned by new giant mandates, and on-going investment in R&D will continue to generate exciting growth,” Fusionex said in a trading update on Monday.
The company’s cash position is said to be strong.
The stock was up 2.7% in early trading.