Software firm Norkom confident of growth and trading ahead of guidance
The Dublin-headquartered company, which sells its range of anti-fraud and money laundering software to financial services companies around the world, yesterday said it remains profitable, with a strong balance sheet and cash position.
According to Norkom’s chief executive Paul Kerley: “We’ve experienced changes in market behaviour during the first half of the financial year with customers now preferring an incremental approach to procurement and engaging in longer sales cycles. While this impacted our view of what is achievable in terms of operating performance for the full-year, the pipeline for new business remains strong and the fundamental market drivers are still present,” he said.
