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Supporting a West Midlands tech industry that is developing at pace


Supporting a West Midlands tech industry that is developing at pace
Delta Financial Systems is sponsoring the Innovation in Education Award at the 2021 West Midlands Tech Awards
Advertorial
Delta Financial Systems founder and CEO Michael Power
Delta Financial Systems provides market-leading pension administration technology for the self-invested pensions of the UK s lifetime savings market.
With an unrivalled 25-year track record of maintaining its solutions against a backcloth of continuous legislative and regulatory change, Delta delivers functionally-rich capabilities to manage complex assets and deliver straight-through processing with other mission-critical systems - particularly in terms of investments and payment processing.
Delta is committed to developing the next generation of talent, having been named Microsoft Apprentice Employer of the Year in 2012 and 2016, and is sponsoring the Innovation in Education Award at the 2021 West Midlands Tech Awar ....

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Bravura profits crash over 50%


Bravura profits crash over 50%
Bravura profits crash over 50%
The wealth management software group announced plunging profits for the first half of the 2021 year as it conceded the COVID crisis had disrupted its new business pipeline.
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In a statement to the market on Thursday, Bravura reported a net profit after tax of $9 million for the six months to December 2020, down 54 per cent on the prior corresponding period.
The group said while its “sales pipeline in all key markets is strong”, market uncertainty as a result of the COVID crisis had led to “a lengthening of the sales cycle, as well as clients evaluating more of our products”. ....

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Bravura reports H1 decline | Money Management


Print
Wealth management software provider Bravura has seen a 54% decline in net profits after tax (NPAT) and 38% decline in earnings before interest, taxes, depreciation, and amortisation (EBITDA) in its H1 FY21 results. 
The firm maintained this was in-line with earnings guidance which had accounted the impacts of the COVID-19 pandemic. 
Revenue dropped 14% to $115.7 million from $125 million in 1H FY21, while NPAT dropped to $9 million (from $19.8 million), and EBITDA had dropped to $15.8 million (from $25.5 million). 
An unfranked interim dividend of 2.6 cents per share (cps) was declared, which brought the dividend payout ratio 70% of H1 FY21, while earnings per share was 3.7 cps.  ....

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Australian Broker Call *Extra* Edition - Feb 17, 2021


An additional news report on the recommendation, valuation, forecast and opinion changes for ASX-listed equities.
In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call Extra Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.
One key difference is the Extra Edition will not be updated daily, but merely regularly depending on availability of suitable quality content. As such, the Extra Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update. ....

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