01-Mar-2012 09:00:00

Asite Reports 44% Growth in 2011 Results

Posted by Emily Hodges on 01-Mar-2012 09:00:00
Emily Hodges

The Directors are pleased to report that the Group continued its growth on the performance of 2010. For the 12 months ended 30 June 2011 revenue increased by 44% to £2.914m (2010: £2.021m). Overall, operating profit for the period rose 317% to £0.422m (2010: £0.133m).

In light of the market conditions globally, we have delivered significant growth and overachieved on our target.
We continue to open up revenue streams in the US and Middle East markets. Our strategy to focus on enterprise deals continues to deliver success.

As stated in last year’s report our platform continues to add new functionality enabling us to win business outside of our standard market (AEC). We have seen significant interest in our collaborative Building Information Model (cBIM) capabilities.

Please click here to view the 2011 Financial Performance Report (PDF).