03/18/2021 | Press release | Distributed by Public on 03/19/2021 06:07
18 February 2021 - Oxford Metrics plc (LSE: OMG), the international software company servicing government, life sciences, entertainment and engineering markets, will hold its Annual General Meeting ('AGM') at 5.00pm today.
At the AGM, Nick Bolton, Oxford Metrics CEO, will make the following statement:
'The Board is pleased to announce that Oxford Metrics has made a good start to the new financial year. The Group is currently trading in-line with achieving market expectations for the full year ending September 2021. With a broader range of motion measurement applications emerging, Vicon has started the year well with strong trading in Asia Pacific. Yotta continues to generate reliable and growing levels of recurring revenue as customers continue to prioritise digital transformation in public asset management to enable remote working.
Oxford Metrics is a resilient business well placed to adapt to the post-pandemic economy. In line with previous years, the Group expects to be second half weighted in terms of revenue and remains encouraged by the strong pipelines building across the business. The Board remains confident of the Group's prospects for the year and will provide further information on trading when it announces interim results for the six months ending 31 March 2021.'