Last Tuesday Idox, the specialist information management software and solutions company announced its Trading Update for its year to end October.
![](https://static.wixstatic.com/media/296dfe_6289d5eb5d4a403b9606017e6dca8954~mv2.png/v1/fill/w_64,h_64,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/296dfe_6289d5eb5d4a403b9606017e6dca8954~mv2.png)
Revenues were up 4% at £68m, while adjusted pre-tax profits were an impressive 35% ahead at £10.4m.
And what did I like best about this update? The fact that its recurring revenue was 5% better at £37.4m for the year, some 55% ARR.
I like this group and its prospects for increasing its business and its profitability.
The shares at 49.85p are looking quite firm, they are going higher, of that I have no doubt.
(Profile 30.04.20 @ 38.5p set a Target Price of 50p*)