City Financials revenue up over 40% in the past year

2 December 2009

City Financials are pleased to announce that revenue for their last financial year is up 43% with a corresponding significant increase in profits. Commenting upon the performance Steve Whalley Managing Director of City Financials said:

“The performance of the company in what are generally perceived to be difficult trading conditions is remarkable and a tribute to the robust nature of our products and the professionalism of our staff. ”

The year saw growth geographically with ‘City Financials Inc.’ being formed to ensure local support for our clients in the USA including recently Emerson Electric and further expansion of our European, Australian and Asian based clients. Clients continue to utilize our robust hosting environment as well as installing the product on their own equipment.

New links to a raft of other providers from trading portals to payment gateways allowed many of our customers to increase their STP capabilities, whilst enhanced and new functionality in areas like Netting and Commodities expanded the range of the products that the client could benefit from.

“Since the end of our financial year we have continued to sell at an increased rate and look for a similar level of growth during 2010, our products were well received at the AFP conference in San Francisco and we expect the USA to be a strong growth area during the coming year” said Steve Whalley.

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