By Steve Moore | Monday 15 July 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
AIM-listed, corporate governance, risk and compliance software-as-a-service supplier Access Intelligence (ACC) has announced an adjusted (excluding non-cash amortisation and share option charges) pre-tax profit of £61,000 for its first half year ended 31st May 2013, up from a comparative prior year period £33,000. On revenue of £4.18 million (up 6.5%), this may not look attractive but the company’s note that during the period “we have expensed £756,000 (H1 2012: £439,000) and capitalised software development costs of £727,000 (H1 2012: £284,000)” needs to be considered…
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