Sirius Financial Solutions has recorded a series of strong results in the first half of 2002.
The financial software supplier recorded a 17.6% growth in revenues in H1 2002, and reduced its borrowings to zero.
The results came as a surprise amid the staff reductions and diminished performance of the worldwide financial
Services sector.
In its H1 results Sirius also recorded an increase in profits to £1.8m while recurring revenues increased to £3.1m, up £0.4, on H1 2001.
Encouragingly for Sirius it also continues to outsell the likes of Aon and Alexander Forbes, it said.
Chief Executive Stephen Verrall said: "After an outstanding first half-year, Sirius enters the second half of 2002 with confidence in its ability to sell and deliver across its principal product sets, both directly and through alliances.
"There is a considerable prospect pipeline with a healthy order book."
2002 has also seen the company extend its industry partnerships. A recent collaborative deal with AXA will enable brokers to access its e-enablement facilities for commercial quotations.
