Inside ASI-AP

The financials for both January and February 2008 have been published. Budgets are still being loaded into the system so our comparison is only against last year, not against budget. First quarter is normally a slow quarter for us, given that we are closed most of January. However this year, with a backlog of consulting services coming off our record Q4 (2007) we have started the year ahead of expectations. Through to the end of February in AP we are 7% ahead of total revenue compared to last year, and globally we are 12% ahead of last year.

Importantly AP and global EBIDTA are both tracking $50k ahead of last year, which is what we want to see - quarter on quarter improvement.

Our current new business sales pipeline is strong with a number of new customers expected to sign in the next week that should result in strong Q1 results. Our challenge continues to be scheduling and resourcing of consulting services.