BusinessCompany NewsTikit works hard to beat tough market condition

Tikit works hard to beat tough market condition

IT provider to accountants posts ‘satisfactory’ results and beats 2007 figures

Accountancy IT provider Tikit has bucked the trend of falling sales and
bettered its figures from 2007 in the second half of last year.

The company said that trading ‘has been satisfactory’ and full year results
‘will be ahead of the prior year and broadly in line with market expectations’.

It finished the year with a positive cash balance despite a £6m cash outflow
for acquisitions.

Tikit said that it expected the tough market conditions to continue in 2009
but believes it can continue to grow profits and share earnings.

Further reading:

Tikit’s
trading report

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