Brady plc announces strong earnings growth and record licence revenues Brady plc Trading Statement for Full Year 2014

Highlights: · Trading in line with market expectations · Cash significantly ahead of expectations · Record licence revenue recognised in period · Secured 15 new contracts in 2014 15th January 2015, London: Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, is pleased to provide an update on trading performance for the full year to 31 December 2014. Trading for the second half of the year has continued to be in line with expectations and as a result full year results are expected to be in line with market expectations. Cash at 31st December 2014 is £9.5 million, which is significantly ahead of market expectations The Group secured 15 new contracts in 2014 including 6 cloud deployments. Second half deals were transacted with some of the world’s best known energy and commodity trading companies including: · The world’s largest nickel producer · A cloud based Energy transaction with a major Australian bank · A Risk Management solution for a leading aluminium producer Deals were also geographically diverse including: our first deal in Korea, and cloud based deals in the Middle East, and Monaco. This underlines the increasing breadth … continue reading

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