23rd February 2017 - Oxford Metrics (OMG plc LSE: OMG), the international software company servicing government, life sciences, entertainment and engineering markets, will hold its Annual General Meeting ("AGM") at 2pm today.
At the AGM, Roger Parry, Chairman of Oxford Metrics, will make the following statement:
"The Board is pleased to announce Oxford Metrics has made a positive start to the new financial year, with the Group trading slightly ahead of management expectations at this stage.
This year we are focused on executing our five-year strategic plan announced in December 2016 which aims to improve the predictability and profitability of our revenue streams. The first significant step of this plan, the launch of Yotta’s new connected asset management platform, Alloy, has been well received by customers and will be available on a Software as a Service (SaaS) basis.
We remain encouraged by our strong pipelines, and in line with previous years, the Group continues to be second half weighted in terms of revenue. Consequently, the Board is confident of the Group's prospects for the year."
The Company will provide further information on trading when it announces its interim results for the six months ended 31 March 2017.
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