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Focus sees inaugural Q1 profit and hopes for first dividend this year

Financial software solutions provider Focus Solutions hopes to introduce dividend payments in the current financial year as it sees an encouraging start to the year, with an inaugural first quarter profit.

At the group’s AGM today, it says new contracts signed this year, including an extended HSBC contract and enterprise licence agreement for Openwork help underpin its financial expectations, leading it to be confident of winning further new business in coming months.

The AGM statement says: “Focus is developing into a successful, consistently growing, profitable and cash generative business. Our confidence in the future is reflected in our plan to introduce a dividend payment in respect of the current financial year.

“The Group’s intention is to be recognised as the leading provider of front
office solutions to the UK financial services market and the Board has a clear
strategy for both organic and non-organic growth to achieve this.”

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