Focus Solutions' positive outlook

Focus Solutions, the group which specialises in pensions back office software, said yesterday it was confident of achieving both revenue and profit expectations for the full year, although half year revenues would be down on the same period last year because of the timing of securing key contracts. The group added it would report a profit for the half year, and net cash balances at the end of September were £2.5m, up from £2.2m in 2008. A new order worth £2m over five years has been signed with a major UK adviser network.