Norkom first results reflect early success

Financial software company Norkom has reported its first set of results since listing in on the ISEQ and FTSE in June recording a 41% jump in revenue to €11.5m.

Pre-tax profits rose to €1.7m from €1.1m in the same period last year as earnings per share grew by 22% to 2.18 cent.

Licensing revenue rocketed by 77%, and the company increased its spending on research and development on new products by 50%.

Geographical expansion continued with the extension of operations in the US requiring an increase in office accommodation and the opening of a new office in Sydney to serve the AsiaPac region.