RM Plc (LON:RM.) said on Tuesday it expects its annual results to be slightly ahead of market expectations, driven by acquisitions and strong international sales growth.
The education software group said revenue for the year to the end of November 30 would be significantly higher thah the prior year, due to a full-year contribution from the acquisition of Consortium in February 2017 and good international sales growth.
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RM said its resources and results divisions both showed organic revenue growth and that its education unit benefited from cost improvement initiatives, enabling its profit margin to reach double-digit levels.
"It's encouraging to see the group's further progress and the positive performance in all three divisions,” CEO David Brooks said in a statement.
Shares in RM were 10.05% up at 202.50p in mid-morning trade.