TechnologyAccounting SoftwareCODA posts positive results

CODA posts positive results

Finance and accounting software company, CODAScisys, has announced a 9.8% increase in pre-tax profits for year-end 31 December 2002 to £7.5m.

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The company, which recently acquired SquareSum, has maintained profits growth year-on-year since 1997. Revenues were also up by 2.4% to £66.4m.

‘The results were especially pleasing in a year when the IT industry as a whole has experienced some of the most challenging market conditions ever seen,’ said Cliff Preddy, Coda chairman, in a statement.

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