Expert System - Strong H118 sales support FY18 targets
Expert System’s H1 trading update confirms that it generated year-on-year sales growth of more than 50% in H118 to €12.9m. Management confirmed that this is in line with its growth plan (sales growth of 9-15% y-o-y for FY18). We maintain our forecasts; full H118 results are due to be published on 28 September.Expert System Spa. Expert System SpA is an Italy-based company engaged in software industry. The Company provides document management with linguistic analysis and meanings understanding. Expert System SpA delivers application software for various sectors, such as banking and insurance, oil and gas, media and publishing, government, telecommunications, life science and pharmaceuticals. The Company's products portfolio includes Cogito Semantic Tagger, Cogito Studio, Cogito Answers, Cogito Discover, Cogito Categorization Platform, Cogito Search Explore Engine, Cogito Intelligence API, Cogito Intelligence Platform and Cogito Technology. The Company's products are designed for semantic indexing and search, automatic categorization of unstructured information, marketing and business intelligence and open source intelligence, extraction of relevant entities and for advanced customer care. On July 2014, it increased its stakes in ADmantX SpA up to a 77.83%.
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