Open GI reports slight profit increase

Insurance Age staff
26 Jul 2007

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During its first year trading as Open International following the management buyout from Misys in March 2006, the company reported revenues of £35 million, up 5% up on last year’s figures, and an operating profit of £18.6 million - an increase of 6%.

Open International chief executive, Phillip Bell, attributed the results to a record number of new contracts, increasing product uptake across Open GI’s customer base, particularly in the area of e-commerce, and growth in EDI business.

He said:

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