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There was much (and much deserved) blowing of trumpets – but no surprises – in AIM-listed workforce management software company, Allocate’s, Q4 trading update. The bottom line is that Allocate closed the year (to 31st May) in line, which according to the consensus forecasts we use, suggests revenues of just under £29m (+30%) but EPS down 12% to 5.9p. This is still a rather pleasing result given that CEO Ian Bowles all but bet the shop on the healthcare sector (see Allocate Software: One to watch in UK healthcare), an ‘opportunity’ that looks somewhat different today than it did when he took the reins just over four years ago. Anyway, all will be revealed in early August.
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Allocate closes a ‘healthy’ year
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