Shares in ActiveOps PLC (AIM:AOM) were up 8% after the process automation software specialist said its financial results would beat market expectations.
Revenues for the 12 months ended March 31 increased by 11% to at least £25mln and combined with high gross margins and favourable currency movements, this means the company should produce 'positive' adjusted EBITDA.
Cash generation was robust, with a year-end cash position of £15.4mln, and higher value software as a service revenue grew by around 13%.
In early trade, the stock was up 6p at 80p.