Oxford Metrics plc, the international software company servicing government, life sciences, entertainment and engineering markets has announced its preliminary results for the financial year ended 30 September 2019.
Commenting on the results Nick Bolton, Chief Executive Officer said: “This has been a year of real strategic progress – a year where the investments we have been making across the business are beginning to bear fruit.
In our motion measurement division, including Vicon, we have invested in sales & marketing bolstered our position as market leader and enter entirely new markets in Elite Sports and LBVR, where we now have a significant opportunity to scale. This puts Vicon in a strong position to capitalise on the trend of motion measurement, which continues to break into every aspect of our daily lives, whether that be through smartphones, fitness trackers or virtual reality. In our asset management division, while we had a slower start to the year, the transition to SaaS is now complete and following investment in our product and our people, momentum is building.
Both businesses have started the year well and operate in growing global markets. Cash generation remains strong, and our pipelines continue to grow, all of which gives the Board confidence in our prospects for the year ahead and beyond.”