Alterian shares rise on growth
Marketing software provider Alterian posted a 73 per cent rise in full-year revenue, to £33.4m, helped by the acquisition of online software firm Mediasurface in July. However, the company said that one-off acquisition costs had driven pre-tax profit down by 34 per cent to £3.6m.
The company, which supplies software to about 1,000 marketing departments across 26 countries, said it continued to trade in line with its expectations since the year-end.
The shares closed up five per cent on the news to 105p. The company’s shares have risen 72.4 per cent since the beginning of the year.