Trading software firm Patsystems' has reached quarterly
break-even for the first time. The ISV reported a record
quarterly revenue of £2.6m, a 30% increase from the
comparable period in 2002. Operational costs were cut by 24%,
from £3.4m to £2.6m.
Earlier this month Pats raised £2m in a share placing
that saw nine new and two existing institutional investors
subscribing to a total of 14m new ordinary shares at 14.5p per
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