The firm, which provides trading and risk management software, said it expected underlying earnings (EBITDA) for the year of around £2.6mln with revenues of £23mln, broadly in line with market expectations, with recurring revenues making up 70% of the total.
Net cash at year end was £4.6mln, up slightly on the total of £4.4mln a year ago.
The company also said that its new chief executive, Carmen Carey, would take the reins from 18 February following an announcement in December when it said its executive chairman Ian Jenks would switch to a non-executive role.
“The new customers we have engaged with and, as importantly, the ones with whom we have been working with for years, are a testament to the increasing strength of our offering. We have made substantial progress in evolving our technology solutions and have extended the scope of the value proposition we can deliver to our customers”, the company said.
In early trading Tuesday, Brady shares were flat at 63.5p.
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