IS Solutions grows revenues & profits in FY10

Another upbeat announcement from AIM-listed web-focused SITS company IS Solutions: both revenue and profits have grown in 2010. Actually it would have had to experience a pretty appalling H2 to have not managed to grow. It entered the second half having already achieved 25% revenue growth, 30% operating profit growth and 17% PBT growth in the first six months (see IS Solutions gives confident first half performance). The same story continued through the the year end: the project business remained weak but that has been more than made up for by the increased growth in managed services and license support revenues.