E-learning company publishes interims
Intellego – the AIM-listed e-learning & training systems company – has just published its interim results for the 6 months to 30 September 2008. As there are so few UK quoted companies operating in the UK legal sector, we are publishing their results (see attached PDF). Chairman Angus Forrest's comments are of particular interest…
“In the current trading period, sales activity is significantly ahead of last year with an increased forward order book and buoyant prospect list. This is a reflection on the investment made in all aspects of the company’s infrastructure and particularly with emphasis on the sales and marketing activities. However, as I mentioned in the annual report, there is a trend among our customers to take longer in their decision making.
“We have instigated a programme to enable the company to better weather a recession in the event that there is an impact on the training market. The company’s strengths in e-learning should provide us with significant opportunities to grow the business despite the current economic conditions as e-learning is demonstrably effective as a method of training at significantly lower cost than traditional instructor led training.”
• It will be interesting to see how many more companies come out with the argument over the next few months that there are hard RoI (return on investment) reasons for buying their stuff rather than battening down the hatches and saving your money until the recession has been weathered.