Bullish e2train announces profitable year end results

06 Aug 2010

by: Margaret Snell

E2train has announced substantial year-on-year growth of 26% for the year ending June 2010. This is the sixth time in succession the company has posted an annual operating profit.

The company says it has seen a 43% increase in demand for Kallidus 8, its learning and performance management system software. This in turn has driven an increase in operating profits of 78 per cent which is ahead of its forecast.

During the year, e2train won orders from new customers such as Cumbria Police, Telecom Plus and ADP Dealer Services, and there were also some major contracts and system renewals with existing users including the NHS, Transport for London, O2 and Nissan Europe.

Rob Caul, managing director, said: “We are delighted with the company performance this year given the challenging prevailing economic conditions. Unquestionably, our long term strategy of having a broad range of clients in both public and private sectors has paid dividends for us. During the early part of the financial year, we were fortunate enough to win several important government-led contracts. Latterly, as demand from this sector has slowed down we have seen an increase in enquiries from the private sector which has enabled us to maintain a steady flow of income.”

E2train is also bullish about its prospects for its new financial year. Caul continued: “We already have a strong pipeline of prospects which should enable us to expand in line with current growth rates. Further opportunities will be generated by our continued expansion into the performance and talent software and services marketplace which we anticipate will progress through to the end of year and beyond.”

 

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