Thursday, 24 September 2009

Sales up at Maxima

(By Anthony Miller – Thursday 24th September 2009 8:00am). A much rosier picture painted in today’s trading update from mid-market software and services company, Maxima. Chairman Kelvin Harrison reported the best monthly bookings in August since the beginning of the year and was emboldened to confirm FY market expectations. Given we are not even 4 months in to Maxima’s FY (May), that’s a pretty confident statement.

I recently met up with the New brace of management at Maxima, CEO Graham Kingsmill and CFO David Memory. We discussed the challenges in simplifying the service portfolio of the rather broadly spread group (see New Maxima team goes for ‘focus and simplicity’) and it was clear to me they see where they need to get to and have a pretty good idea how to get there. This will not be any easy task and we won’t get the first real sightings of progress until after H1 closes at the end of November, so let’s wait till then.

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