Alfa Financial Software Holdings PLC - London-based provider of software for the asset finance industry - says trading in the second quarter that ended June 30 was in line with its expectations. In the first six months of the year, subscription revenue continued to grow, with high teens growth to that of the comparative period. Software revenue was significantly lower than last year due to the focus on investment in Alfa Systems 6 functionality. Services revenue was also down on last year. However, the firm remains confident for the second half of the year, and still expects mid to high single digit revenue growth.

Current stock price: 185.20 pence, up 0.3% in London on Wednesday afternoon

12-month change: up 18.3%

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