Orchard Information Systems has announced record revenues of £16 million for the past financial year (FY2016-17).
The company reported that reinvestment of profits in its people, products and expertise had been rewarded with strong organic growth from both existing and new customers across housing, finance and asset management.
Orchard’s FY2017 annual revenues of £16 million are a five per cent increase on the previous year, alongside an increase in the group’s profitability of over £700,000 and a healthy cash balance at 30 April 2017.
Orchard’s asset management division, In4Systems (acquired in 2013) reported its first profit since acquisition, following four years’ substantial investment by the group.
