Norkom profits up

Financial software company Norkom Technologies today posted a rise in profits for the year to end March.

In full-year results published this morning the company, a provider of financial crime and compliance software solutions to the global financial services industry, reported pre-tax profits of just under €7.5m, compared with €4.9m a year earlier.

Revenue was up 3% to €49.3m (2009: €48m), with earnings per share up 22% to 9.42 cents (2009: 7.74 cents).

"2010 has been another solid year of performance," CEO Paul Kerley, said:

"We have ended the period as a stronger company in terms of the quality of our market position, expansion of our product lines and the financial strength of our earnings and balance sheet.

"During this period, we do believe that we have navigated through the bottom of the crisis in our core market, while strengthening the quality and competitiveness of our solutions, services and people."