Failure to sub-let office hampers Sirius
Despite a healthy 54% improvement in operating profit, software house Sirius, which provides systems...
Despite a healthy 54% improvement in operating profit, software house Sirius, which provides systems to both insurers and brokers worldwide, has been hampered by failing to sub-let its old offices. Its operating profit for the year end 2005 increased to £2.1m from £1.4m, while its revenues remained steady at £21.8m (2004: £21.7m).
Sirius 21 now has 115 customers and the aim is to grow this base in 2006 to over 200, according to Sirius chairman and chief executive Stephen Verrall.
He added that 90%
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