RM shares rose four per cent this morning after the education IT vendor announced a 21 per cent increase in revenue for the six months ended 31 March 2009.

The firm reeled in adjusted first half pretax profit of £0.2m on sales of £141.9m for the period.

“As we always comment at this stage, the first half of RM's financial year is not a good indicator of results for the year as a whole,” noted RM boss Terry Sweeney.

“However, with the UK education budget for government year 2009/10 up 6 per cent in cash terms, and revenue growth anticipated from BSF, Computrac and general education resources, management's expectations for FY-2009 are unchanged.”

Shares in the firm are currently trading at 148.5 pence, up 4.58 per cent, on the London Stock Exchange. ®

Related stories

• RM sees sunny forecast thanks to busiest ever summer (22 September 2009)
• RM's high school musical hits all the right notes (4 August 2009)
• RM walks the line (9 February 2009)
• UK schools chief begs for Home Access scheme cash (14 January 2009)
• RM profits dip in 'resilient' market (24 November 2008)
• RM kisses wannabe American cousin (4 November 2008)
• RM gets fingers into school biometrics market (31 July 2008)
• RM navigates through tighter market (29 July 2008)
• RM buddies up with Tesco on new voucher scheme (22 July 2008)