Preliminary Results - year ended 30 September 2009

EDP is an IT solution provider to the UK wholesale distribution industry and a supplier of Sales Intelligence software solutions more widely.

Financial Highlights:

	Turnover £5.84 million (2008: £6.85 million) reflects harsh economic conditions generally.
	Revenue from software and services down 11%.
	Strong contracted recurring software revenues maintained at same level as last year and represent 75% of total revenue.
	Adjusted operating profit £707,000 (2008: £922,000), representing an underlying operating margin of 12% (2008: 13.5%).
	Pre-tax profit £456,000 (2008: £1.065 million excluding profit on sale of property).
	Hosting revenues represent 23% of total revenues (2008: 19%).
	Redundancy programme has generated annualised savings in excess of £400,000.
	Continued R&D expenditure of £1.04 million (2008: £1.19 million) in year.
	Share buyback completed in April returned £6.0 million surplus cash to shareholders.
	After share buyback the Group still has strong debt-free balance sheet and cash balances in excess of £2.4 million at 30 September 2009.
	Final dividend maintained at 2.0p per share.

Michael Heller, Chairman of EDP, said:

"Whilst there are some initial signs of increased activity levels in the markets in which we are involved, these have not yet translated into increased levels of orders. We do not expect trading levels to significantly improve until the economy generally shows signs of sustainable improvement. However, with our latest product releases, strong recurring revenues and a lean cost base we are well positioned for the recovery in our markets."

For further information please contact:

Julian Wassell
Chief Executive
Tel: 0114 262 2007

Interim Management Statement - 17th February 2010 (PDF Document).
Year End 2009 Reports & Accounts (PDF Document).
Preliminary Year End 2009 Reports & Accounts (Word Document).
Interim Management Statement - 19th August 2009 (Word Doc).
Interim 2009 Reports & Accounts (Word Document).
Notice Of Annual General Meeting 2009 Statement (PDF Document).
Interim Management Statement - 17th February 2009 (Word Doc).
Year End 2008 Reports & Accounts (PDF Document).
Interim 2008 Reports & Accounts (Word Document).
Year End 2007 Reports & Accounts (PDF Document).
Interim 2007 Reports & Accounts (Word Document).
Preliminary Year End 2006 Reports & Accounts (Word Document).
Interim 2006 Reports & Accounts (Word Document).
Preliminary Year End 2005 Reports & Accounts (Word Document).