Portfolio

Accesso reiterates guidance after encouraging start to the year

By Iain Gilbert

Date: Tuesday 21 May 2019

Accesso reiterates guidance after encouraging start to the year

(Sharecast News) - Technology solutions provider Accesso maintained its existing guidance for the current financial year at the group's annual general meeting on Tuesday.
Accesso's chief executive Paul Noland told investors the group had continued to witness "strong demand" for its core solutions in the four months ended 30 April, both as individual products and increasingly for multiple applications at individual sites.

The AIM-listed group said positive adoption of combined Accesso Passport and Accesso Siriusware deployments was ongoing and were operating in tandem at 13 locations worldwide, with several additional deployments expected before the end of 2019.

"In order to address the increased demand from customers for joint implementations of multiple Accesso solutions, and to accelerate future growth, the group is making significant investment into product integration," said Noland.

"Through evolving and broadening our range of solutions the board remains confident that the group will be able to accelerate and unlock additional cross-sell and up-sell potential within our installed base and develop more efficient development, support and service delivery to our customers."

Noland noted that while the majority of Accesso's year was still ahead of the firm, he was encouraged by the trading seen at this stage of the year and remained confident in its outlook, maintaining board expectations for the year ahead.

As of 1040 BST, Accesso shares had moved ahead 2.66% to 811p.

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