Arcontech, the trading software provider, perked up as it said cost savings had delivered the desired effect with adjusted EBITDA and adjusted profits up 31 and 49% respectively.
Delayed staff hires and other staff cuts had reduced variable costs, the AIM-listed group added, though as these are one-off in nature expectations for the current financial year remain unchanged.
Turnover is in line with forecasts, it added,
Shares rose 2p or 3% to 66p.