RM on track as year-end approaches

Schools PC giant RM has hinted that it has enjoyed a solid second half of its fiscal year.

Having banked a tiny £200,000 pre-tax profit on revenues of £117.7m in the first-half, RM confirmed that trading for its full-year has been in line with management expectations.

The firm is only a week away from the end of its fiscal year on 30 September.

RM claimed it is continuing to transform its business. The integrator is now delivering eight of the eleven Building Schools for the Future projects it has so far been selected for, and said its full-year results will also show a significant contribution from its Education Resources and Assessment and Data activities.

Terry Sweeney, chief executive designate of RM, stated: "During the second half we have made further progress in BSF, winning two new projects - Newham and Haringey - and securing additional business with four schools in Leeds. Across the eight BSF projects we are actively delivering, we are now providing ICT services to twelve schools.

"There has also been good development across other areas of our business. We have commenced shipments of our innovative Community Connect 4 network system, which will be a strategic upgrade for schools over the next few years; we have more than doubled the volume of exam scripts processed by the outsourced on-screen marking service we provide for Cambridge Assessment and other customers; and, in our Education Resources business, we have seen organic growth, as well as delivering the Tesco Sport for Schools and Clubs initiative.”