MJ Hudson said on Monday that full-year revenue was set to be ahead of market expectations following a strong first-half performance.
In an update for the six months to the end of December, the company said it has continued to perform well, winning multiple new clients, many of which are accessing multiple services.
In addition, Hudson said it is “successfully executing its strategy to leverage the breadth of its services across the life cycle of its clients’ funds and investments and to grow cross-selling revenues by offering existing clients new services and products from its multi-solutions platform”.
As a result, underlying revenue for the year ending 30 June is now expected to be ahead of market expectations.
“The group is continuing to see positive momentum into the second half of its financial year,” it said.
Chief executive officer Matthew Hudson said: “Market activity is ramping up and we are perfectly placed to capitalise: as more investment flows into private markets, regulation grows and clients increase their focus on analytics and ESG, we expect demand for our services to increase further.
“To capture these opportunities, we are making significant investment into our infrastructure and teams. This will create greater operational leverage and drive significant and sustainable revenue growth, As the breadth and quality of our expertise and tools further establish the power of our brand, this will, in turn, lead to a much bigger, more profitable firm, in the mid-term.”
At 0955 GMT, the shares were up 11.6% at 40.74p.
