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EMIS Group reports first half revenue growth

EMIS Group, which supplies clinical software and related services to healthcare practitioners, saw revenue for the first half rise 11 per cent to 47.1m pounds.

The company said revenue growth was driven by the rollout of software to GPs including iSoft and EMIS Web GP.

However an increase in costs, mainly due to staff costs and capital investment to support future expansion, led to flat operating profit at £11.6m compared to the prior year’s £11.5m.

Earnings per share fell slightly to14.89p from 15.58p, as the tax charge for the six months increased to £2.7m from £2.3m.

Net cash generated from operations after internally developed software dropped to £19m from £21.7m, reflecting a significant restructuring of the NHS in England on 1 April 2013.

‘So far 2013 has been one of the busiest periods ever for EMIS Group,’ said Chief Executive Chris Spencer.

‘We expect this to continue as the accelerated roll-out to GPs of EMIS Web, our transformational healthcare system, is maintained. We will also be redoubling our efforts to join up GPs, other clinicians and pharmacists engaged in healthcare in the community and extending our reach into ophthalmology-related solutions and beyond that into specialist and acute care.’

He added that EMIS continues to trade in line with board’s expectations, with strong revenues and improved profits in the second half boosted by growth in the EMIS Web GP estate.

RD

 

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